Can Social Security Recipients Be Bought For $250?
By: Doug Busselman, Executive Vice President
COLA are the letters used in government-speak instead of the words “Cost of Living Adjustment”. This concept is (or actually more correctly -- used to be) the idea that when government statistics came up with the determination that it costs more to live – recipients of government payments (including Social Security recipients) got an increase that corresponded to the percentage of increase that the government calculated the costs of living went up. What happens when the cost of living calculations don’t show an increase?
I guess that’s another one of those “Change” things we got from the last election – because now it means the government is going to send each Social Security recipient a $250 payment…just because the government cares as much as they do. David John from the Heritage Foundation shared his thoughts on this new approach for dealing with COLA activities.
Some would suggest that even if government calculators can’t come up with information that says it costs more to live – any darn fool should be able to see that it does. Then again the people doing the math with our government these days think that handing money out by the Trillion increments is a solution for everything.
When we start having to reach deeper into our pockets to pay for the tax increases (or the higher energy prices from mandated by the government’s climate change solution – or the higher government mandated health insurance…or any of the other “indirect” increases that bigger government is going to give us even if it’s not a front-door tax increase) I wonder if they will be able to figure out if that’s a costs of living increase.
Maybe the game plan for the $250 (JBWCP) Just Because We Care Payments will take some of the sting out of the bite Social Security folks might be seeing through the adjustments that the government imposed health insurance solutions will create…
COLA are the letters used in government-speak instead of the words “Cost of Living Adjustment”. This concept is (or actually more correctly -- used to be) the idea that when government statistics came up with the determination that it costs more to live – recipients of government payments (including Social Security recipients) got an increase that corresponded to the percentage of increase that the government calculated the costs of living went up. What happens when the cost of living calculations don’t show an increase?
I guess that’s another one of those “Change” things we got from the last election – because now it means the government is going to send each Social Security recipient a $250 payment…just because the government cares as much as they do. David John from the Heritage Foundation shared his thoughts on this new approach for dealing with COLA activities.
Some would suggest that even if government calculators can’t come up with information that says it costs more to live – any darn fool should be able to see that it does. Then again the people doing the math with our government these days think that handing money out by the Trillion increments is a solution for everything.
When we start having to reach deeper into our pockets to pay for the tax increases (or the higher energy prices from mandated by the government’s climate change solution – or the higher government mandated health insurance…or any of the other “indirect” increases that bigger government is going to give us even if it’s not a front-door tax increase) I wonder if they will be able to figure out if that’s a costs of living increase.
Maybe the game plan for the $250 (JBWCP) Just Because We Care Payments will take some of the sting out of the bite Social Security folks might be seeing through the adjustments that the government imposed health insurance solutions will create…
Posted by Doug Busselman at 10/30/2009 2:29 PM 
Categories: Government
Tags: Social Security Obama Administration Plans For Spending Government Spending
Categories: Government
Tags: Social Security Obama Administration Plans For Spending Government Spending
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