Quote:
Originally Posted by Babyboomer15
Stupid question-If they are out of or running out of money,why are there still COLA's?
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Like we've gotten much COLA recently! This year's modest increase followed two years of NOTHING, even though expenses went up. When people live on such small incomes, no cost-of-living increases simply means the burden will shift to other programs as people need help.
No, the question everyone should be asking is why Obama lowered the Social Security payroll tax when everyone knows that the fund is running out! The tiny amount each worker is getting means little to the individual but, collectively, it's quite a bite out of Social Security.