Skip to main content

View Diary: Middle class could be hit hardest by chained CPI (41 comments)

Comment Preferences

  •  That's not much of a job, Granny. (0+ / 0-)

    If we take your assertion to be true, that the average benefit was $1234 per month, Chained CPI will be a reduction of $3.72 per month for Granny.  Or $44.42 per year.  Now sure, if you add this over 10 years, compound interest on it, you can eventually get this up to a number that appears significant, but Social Security is what Granny is living on, not what she's saving over a 10 year period.  Can Granny save $3.72 a month without feeling a dent?  And remember this is a Granny who is not so poor as to be eligible for the built-in protections for the poor.  

    Or should her children, instead of going on and on about this, take the savings they might get from improved infrastructure, better unemployment protection and all the rest that is in there to lift the economy and kick Granny an extra 44 bucks a year so she's not affected at all?

    •  You continue to make this same comment (1+ / 0-)
      Recommended by:

      in one form or another in every coversation about c-cpi.  I have no idea if the average benefit is $1234...and if it is, it tells me nothing.  What is the mean?

      Most SS recipients I know aren't getting anywhere near $1234 a month, and every dollar taken from them is a dollar they can't spend on necessities.  And what do you mean by "built in protections? "  A single person drawing $950/mo social security is by most measures poor.  But it is, for example, just over the line for VA assistance.  

      I feel confident that most "children" are helping their parents in this circumstance...if they can.  You canddidly appear to have little idea of the realities facing the aged...but you're sure anxious to let the politicians have their way.  For what?
      Not a effing thing proposed in this budget addresses "fixing" our real spending problems.  Taking $4/month from granny but leaving EXXon,etc,  and the bankers holding bags of gold just doesn't ring true.  Does it?

      The longer I live, the clearer I perceive how unmatchable a compliment one pays when he says of a man "he has the courage to utter his convictions." Mark Twain

      by Persiflage on Wed Apr 17, 2013 at 07:26:42 PM PDT

      [ Parent ]

      •  Is that really the choice? (0+ / 0-)

        If Chained CPI is the more accurate calculation then that is what should be used. Period.  Every cut of government waste hurts someone in some way.  But that does not mean we shouldn't make those cuts.  It also doesn't mean that we shouldn't then look at the new policy and ask ourselves who does it hurt unfairly and fix that.  And it certainly doesn't mean that we shouldn't go after the unfairness in the present policy.

      •  And by the way (0+ / 0-)

        I candidly know quite a lot about the realities facing the aged, both my parents and mother in law having passed in the last few years, and you or any one else should never make such an blind accusation of someone just because he happens to see things differently than you.

        •  I'm sorry about your losses. (1+ / 0-)
          Recommended by:

          Death is a reality we all face.  The "assumption" I made had nothing to do with death.  It had to do with being old and on a very limited income.    I don't choose to take the time to lay out all the indignities and worries such folks suffer.  Others have in many comments.  Your fixation on "how much is $4/month gonna hurt? and "why don't the kids fix it?" me you have little idea of those folks reality.    

          If you don't agree that there are better ways to run our current government without penalizing the elderly, poor, and middle class, so be it.  That's your choice.  

          I choose to believe differently.  Most thoughtful people do...not that it matters to our elected oligarchy.  I wish for you what you seek for the least among us.    

          The longer I live, the clearer I perceive how unmatchable a compliment one pays when he says of a man "he has the courage to utter his convictions." Mark Twain

          by Persiflage on Wed Apr 17, 2013 at 08:20:22 PM PDT

          [ Parent ]

          •  The assumption you made was (0+ / 0-)

            I know nothing about living on a limited income, not death. I know quite a lot about that in a very real way having just lived with three people as they moved through their 70's, 80's and in my father's case up to 94.  Just because someone is retired and collecting Social Security does not mean they are incapable of making the choices that are the basis of Chained CPI, and when their ability to do that gradually decreases often family members and/or institutions from senior villages to nursing care facilities take over those decisions.  Those who are indigent are helped out by both protections in this plan and by Medicaid, which if you know anything about it in a real way you would know is a hell of a lot better than Medicare.

            I wonder how many people who are against CPI are against it on its own terms or just because it will mean simply less money paid.  My point is that we shouldn't back into proper SS payments by improperly inflating COLA payments. If only the amount of focus in opposition to the new plan was put to bear on the actual payments and not the .25-.3% adjustment to annual increases perhaps we would get to something meaningful.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site