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Cost of Living Adjustments for Social Security Considered

by gangu786 in Government, September 3, 2009

Each year, social security obligations, increase our nation. As the Government of the United States receive Social Security benefits of our salary, do not put money into a special account that will grow with time. Instead, spend money and then promise to make us pay what is due later.

Image by swanksalot via Flickr

Each year, Social Security obligations of our place in the nation. As the U.S. government collects Social Security benefits of our salary, they do not make money in a special account that will grow with time. Instead, they spend money, then the promise that we pay what is due later. If you’ve tried something like this would be called a Ponzi scheme, would make time with Bernie Madoff.

How on earth is our government going to pay Social Security? The reality is that they can not, and is a time of financial time bomb as Medicare. Curiously, instead of fixing our health care and Medicare, we are adding and expanding our obligations. Our government will finally break this. If you add up the obligations of social security requirements of health insurance and no way possible that our country can afford.

Some say that if we have massive inflation, and extend the age that people accumulate in Social Security, we can truly meet their obligations. But this is not entirely true because there is something called Cola, or cost of living adjustments are related to social security contributions from the government.

Over the next two years, there will be no cost of living adjustments for Social Security? Well, that’s the plan, a terrible, in fact, no budget of our nation, but rather for the elderly who have little or no money to help them, because inflation is wreaking havoc on our people and our economy. Consider if you will soon enter a period of hyperinflation because of huge amounts of money we spent on the recovery plan.

Some will say we do not need cost of living adjustments at this time we are in a recession and that are actually having a period of deflation, but in 2010 and 2011 will not be the case Because our economy is coming back now, and this will screws on all of our seniors. Is not it amazing the kinds of things that happen behind our backs?

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  1. unown971

    On September 3, 2009 at 5:32 am


    Great article! Loved it!

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