Saturday, December 19, 2015

INCREASED SOCIAL SECURITY BENEFITS? IF SENATORS SANDERS AND WARREN GET THEIR WAY, YES

In early November I posted this story. It explained how the U.S. Congress stood by and watched (helped?) create an accounting system that effectively cut back on Social Security cost of living increases for our nation's seniors. In a few words, they signed off on an infinitely confused accounting system built around "hedonics" that rob our nation's seniors of inflation adjusted bumps in their Social Security checks.

In my view it's public theft by another name.


The end result is that our nation's seniors runs out of money at the end of the month more often than they might have in the past.

Anyways, Senators Bernie Sanders and Elizabeth Warren have introduced legislation to help our nation's seniors (and veterans) get the cost of living allowance increases that they have been denied over the past two decades.


I won't spoil it, but you can read about the legislation here. If you want to read how Senators Sanders and Warren plan to pay for the increases, and why our nation's seniors should be ticked off about getting robbed of their cost of living increases, click here.

- Mark

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