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House Proposes Emergency 3 Percent Social Security COLA


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#1 Atossa

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Posted 16 October 2020 - 07:37 PM




"Let them eat cake" GOP senators will nix this just as they have nixed a second round of $1200 stimulus checks to all American adults.


House Lawmakers Pitch Emergency 3 Percent Social Security Cost-of-Living Adjustment

October 16, 2020

House Democrats plan to introduce a bill to raise the Social Security cost-of-living adjustment from 1.3 percent to 3 percent to help seniors facing a greater financial burden amid the pandemic.

The Social Security Administration announced on Oct. 13 that the cost-of-living adjustment (COLA) for Social Security and Supplemental Security Income benefits will be 1.3 percent starting in January 2021.

But two House lawmakers, Reps. Peter DeFazio (D-Ore.) and John Larson (D-Conn.), have proposed an emergency increase of this adjustment, arguing that the outbreak of the CCP (Chinese Communist Party) virus has put additional financial burdens on seniors as they take extra precautions to stay safe.

"This absolutely anemic COLA won't even come close to helping them afford even their everyday expenses, let alone those exacerbated by COVID-19. Raising the COLA to 3 [percent] for 2021 will provide seniors with an immediate, crucial lifeline during the ongoing coronavirus crisis," DeFazio said in a statement.

"Social Security is our country's number one financial security program, and, because of the COVID-19 pandemic, people are depending on it now more than ever. Seniors are seeing a rise in food, medical, housing costs, and more, and a 1.3 percent cost of living adjustment (COLA) is just not enough during these difficult times," Larson said in a statement.

According to the American Association of Retired Persons (AARP), a 1.3-percent COLA will mean that the typical beneficiary will see a meager $20 more per month and possibly less if Medicare Part B premiums go up in 2021 as these can eat up the adjustment.... "

more at link

https://www.theepoch...nt_3541621.html



Edited by Atossa, 16 October 2020 - 07:47 PM.

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#2 redline

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Posted 16 October 2020 - 07:44 PM

well that's awesome..

how many tins of cat food can you get on sale for

20 bucks

after you take the bus 2.50 one way here so 5 bucks

hey if you can get it for 1.50 you can eat a tin every 3 days

lucky fucking seniors...
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#3 Atossa

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Posted 16 October 2020 - 07:53 PM

well that's awesome..

how many tins of cat food can you get on sale for

20 bucks

after you take the bus 2.50 one way here so 5 bucks

hey if you can get it for 1.50 you can eat a tin every 3 days

lucky fucking seniors...




It's not even $20. The government Medicare B premium goes up every year and that increased premium amount is subtracted from the meager SS COLA. Many times the increased Medicare B premium is more than the SS COLA and seniors get nothing!!


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#4 Atossa

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Posted 16 October 2020 - 07:58 PM




This is what happens when wealthy elitist politicians rule... they have no clue what it's like for the majority of the people who can barely scrape by under their mismanagement !!


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#5 Bruce M Cow

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Posted 16 October 2020 - 11:50 PM

Social Security is money taken that the government steals and gives to people that never paid in .They figure you will never collect because you will die.This is communism .


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#6 Atossa

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Posted 17 October 2020 - 04:05 AM




Trump versus "let them eat cake" GOP senators

GOP Senators Brace for Fight With Trump Over Coronavirus Aid

" WASHINGTON - Senate Republicans and the White House are on a collision course over the price tag of a possible coronavirus relief package ahead of the Nov. 3 election. President Trump said in recent days he would support another aid package with a cost approaching $2 trillion, narrowing the distance with House Democrats $2.2 trillion bill. But Senate Republicans plan to vote next week on an aid bill worth roughly a quarter of that size, arguing a much larger package would be wasteful and demoralize voters concerned about deeper deficit spending. "

more at link


https://www.wsj.com/...aid-11602881510



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#7 Atossa

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Posted 17 October 2020 - 04:10 AM


Social Security is money taken that the government steals and gives to people that never paid in .They figure you will never collect because you will die.This is communism .





The majority of baby-boomers were forced to pay into Social Security their entire working lives. If they don't get the benefits the government promised, there will be hell to pay!


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#8 redline

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Posted 17 October 2020 - 12:28 PM



The majority of baby-boomers were forced to pay into Social Security their entire working lives. If they don't get the benefits the government promised, there will be hell to pay!

how?

the jew euthanasia agenda knows

1. soon will be gone and not able to vote
2. too busy worrying about eating to do much else
3. too old to hit the streets burning down the jew mansions and shooting them
4. too scared to speak up

It's up to those with enough life left to do it, to take up the fight and make them pay dearly.

Edited by redline, 17 October 2020 - 12:28 PM.

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#9 Atossa

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Posted 17 October 2020 - 04:24 PM




Back in 1984, the new income tax on Social Security benefits was meant to only affect the wealthy. But the income where SS becomes taxable was never indexed for inflation so now even people with modest incomes must pay income tax on their SS.

Btw... Rep John Larson, the same House lawmaker who wants to raise the 2021 SS COLA to three percent, also has a bill to raise the income [to compensate for decades of inflation] before SS is taxed. That bill has been stuck in committee because it too would not pass the "let them eat cake" GOP Senate.


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#10 Ivan88

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Posted 17 October 2020 - 09:07 PM

I don't pay income tax on SS.


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#11 Atossa

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Posted 17 October 2020 - 11:11 PM


I don't pay income tax on SS.






For those who are single... if half of your annual SS plus your other taxable annual income equals $25,000 or more... your SS income is taxable.


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#12 Ivan88

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Posted 18 October 2020 - 04:26 AM

Thanks, Atossa, I didn't know that.  They good at making up snags for folks.


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