Seniors, Disabled To Get Inflation Relief

Regular Member Posts : 7317 Join date : 2014-07-29

10-20-2022

Seniors, disabled people to get inflation relief
with big boost in benefits.

Seventy million Americans are getting a healthy raise in January, and it’s coming not a moment too soon. The Social Security cost of living adjustment for 2023 is 8.7%, the biggest increase
in four decades.

Unfortunately, it also comes when Republican lawmakers and candidates are plotting how they’ll cut Social Security, already threatening to take the debt ceiling hostage to make it happen.

The increase will mean seniors and disabled people receiving benefits will get on average $140 to $145 more each month____
the Social Security Administration estimated Thursday.
There’s a second bit of good news for people on Social Security—the boost comes with a 3% drop in Medicare Part B premiums.

In addition, people who are enrolled in Medicare Part D, the prescription drug benefit]and those with diabetes will pay less than $35 a month for insulin.

That’s because of the Inflation Reduction Act passed this summer. Thanks, Democrats.

AARP Chief Executive Officer Jo Ann Jenkins applauded the increase in a statement Thursday. “Social Security is the largest source of retirement income for most Americans and provides nearly all income for one in four seniors.

Today’s announcement of an 8.7% cost-of-living adjustment, or about an average of $145 more per month, will provide much needed relief to millions of Americans.”

“The guaranteed benefits provided by Social Security, including the annual COLA, are more crucial than ever as high inflation remains a problem for older Americans,” she added. “The automatic adjustment is an essential part of Social Security that helps ensure the benefit does not erode over time due to rising prices.”

Which is an excellent point—this isn’t really a benefit increase. It, Nancy Altman, the President of Social Security Works points out “simply ensures that seniors and other beneficiaries can tread water.”

The SSA also announced Thursday that the cap on earnings subject to the Social Security tax will go up from__
$147,000 to $160,200 next year.

That’s good. Any earnings above $160,200 aren’t subject to the payroll tax. Lifting or eliminating the cap is just common sense for shoring up the Social Security system.
Which would take away one big basis of Republican attacks—
that Social Security is going broke and therefore benefits have to be cut.

Of course the reform conservatives want is ending Social Security and Medicare as we know it and privatizing the whole thing so their buddies on Wall Street can capitalize.

Republicans have gotten brazen enough and extreme enough that if they take the House, they’ll touch that third rail and try to undo even this modest gain.

Subject: Re: Seniors, Disabled To Get Inflation Relief Mon Oct 24, 2022 1:05 pm

Cool, I'm retiring next year! Very Happy

Regular Member Posts : 7317 Join date : 2014-07-29

oliver clotheshoffe wrote:: Cool, I'm retiring next year!

Kevin McCarthy, who's likely to become the
next speaker if Republicans take the House,
has said he will go for the big cuts...
Bloomberg News reported some wanted to tie the debt ceiling explicitly to — and I'm quoting directly here —
cuts to___
Medicare and Social Security.
((( Yes, Medicare and Social Security."

In fact..cuts to critical entitlement programs.
Is the agenda of the republicans, from their own mouths, sorry..

Actually, they have wanted to do those cuts for about a decade now..

Subject: Re: Seniors, Disabled To Get Inflation Relief Wed Oct 26, 2022 8:39 am

Sorry Temple but fear porn doesn't work on me. Better luck next time!

Regular Member Posts : 7317 Join date : 2014-07-29

oliver clotheshoffe wrote:: Sorry Temple but fear porn doesn't work on me. Better luck next time!

Well, it has been said over and over again by them..
out of their mouths on videos..
I'm sorry for you, but brace yourself..
And, for good many years that has been the plan..
back when Speaker Ryan introduced a plan to
ditch social security for vouchers..
Thank the Dems that was not allowed..
And cutting medicare for private health care has been
with them for a long time, they even tried 40? times courts etc,
to dissolve Obama care..
The thing is they do not want what they consider to be socialist programs they want public for decades..
If they get both houses they will without a doubt attempt to rid of those programs, and the others, so strap in, Oliver..

Subject: Re: Seniors, Disabled To Get Inflation Relief Wed Oct 26, 2022 7:24 pm

Temple wrote:: If they get both houses they will without a doubt attempt to rid of those programs, and the others, so strap in, Oliver..

7 The first Republican sounded his trumpet, and there came hail and fire mixed with blood, and it was hurled down on the earth. A third of the earth was burned up, a third of the trees were burned up, all the green grass was burned up, and it melted all of Nancy Pelosi's ice cream.

8 The second Republican sounded his trumpet, and something like a huge mountain, all ablaze, was thrown into the sea. A third of the sea turned into blood, 9 a third of the living creatures in the sea died, and a third of the ships were destroyed. The huge mountain was later found to be Oprah Winfrey.

10 The third Republican sounded his trumpet, and a great star, blazing like a torch, fell from the sky on a third of the rivers and on the springs of water— 11 the name of the star is Wormwood. A third of the waters turned bitter, and many people died from the waters that had become bitter. And Putin still hasn't apologized for dropping that nuke.

12 The fourth Republican sounded his trumpet, and a third of the sun was struck, a third of the moon, and a third of the stars, so that a third of them turned dark. A third of the day was without light, and also a third of the night, and France still doesn't have any natural gas.

13 As I watched, I heard Trump that was flying in midair call out in a loud voice: “Woe! Woe! Woe to the inhabitants of the earth, because of the trumpet blasts about to be sounded by the other three Republicans and it's gonna be wild!”

» Social security checks could increase as inflation creates hardship for seniors
» Inflation Surges after Biden Bragged About Beating Inflation at the SOTU
» Seniors Against trump ..Wild!
» For the Seniors; Social Security & Ronald Reagan..
» Biden’s student debt relief.