Skip to main content

View Diary: LIVEBLOG: Progressive statements opposing Social Security benefit cuts (204 comments)

Comment Preferences

  •  Chained CPI for COLA does matter (6+ / 0-)

    As I wrote in my e-mail to the White House, if you have already stopped buying meat and are eating beans instead, the option of replacing your steak with chicken to save money is not there for you. It would be one thing if the COLA amount were capped for those earning maximum SS benefits, but those of us with lower SS payments will bear the brunt of this. As it is, COLA does not accurately reflect the real expenses of retirees, who usually have higher drug and other costs. Generics are not always available for the meds we need.

    •  See comment above. (0+ / 0-)

      The difference for the higher income people will be a whopping 6% after 20 years. There is no change for low income people. They will be protected.

      "We have cast our lot with something bigger than ourselves" - President Obama, July 30, 2010

      by Overseas on Tue Dec 18, 2012 at 01:49:28 PM PST

      [ Parent ]

      •  Maybe (1+ / 0-)
        Recommended by:
        elwior

        I've been trying to follow the leaks and rumors on this, but the only low income folks I've seen who might be protected are those on SSI, which does not include me.

        •  My understanding (1+ / 0-)
          Recommended by:
          elwior

          Is that the president tentatively agreed to chained CPI in 2011 after Jack Lew assured him that it could be done in such a way that did not hurt the poorest beneficiaries and might even get them a little more. Which would not be so terrible, but it depends how they define poor.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site