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Showing posts with the label retirement

Social Security Cola rip off

Congress has made sure that social security recipients will not receive a COLA for the next two years. Congressional members received a $4,700 pay raise in January of 2009, and in March of 2009, voted to curtail any increase until 2011. The congressional members currently receive an annual sum of $174,000.00. Why do they receive a raise in 2011, but social security will still have a cola freeze? I just do not get it. Food costs have risen. The New York Times reported in August of 2009 that food prices were likely to increase. What dates did the economists use to calculate the price of goods that the seniors are paying? Odd, that the New York Times stipulated the food prices would inflate in the last quarter of 2009 into 2010. Anyone out there?? Anybody going to say something?? Do something?? The corn future prices were $6.40 in September of last year and $3.80 in September of this year. Yet, pet food bags have been changed from 18 lb bags to 16 lb bags and the prices have remained