Friday, November 5, 2010
Inflation Coming: No COLA Raise For SS Recipients
For the second straight year and only the second time in history, no Social Security raises will be given this year. And the Democrats wonder why they lost. Their explanation was that their wasn't any inflation this year. Yeah and if you believe that I've got a bridge to sell you. One of the several horrible things Clinton did was remove energy and food prices from COLA tabulations, which are of course the most volatile of the markets. Once removed inflation seems to magically disappear as does any hope seniors have of making it through the next ten years on SS alone. One idiot actually said that due to gas prices going down in 2008, SS recipients actually got a good deal because they got a raise the previous year when the inflation rate dropped. Except doofus forgot that energy prices aren't included in the SS tab, so the rise was incidental. This combined with the Democrats inability to energize their base resulted in the drubbing they got last Tuesday. The Gay and Lesbian community stayed home as did young people which led to your net loss. Republicans cleaned up because old people, pissed about the second straight year of no COLA raise, voted Republican en masse. Why would they keep you around when you keep screwing them out of money. This administration is almost as tone deaf as the previous one, a true feat if you ask me. With Bernake starting quantative easing, inflation is due and soon. Gas prices rose 20 cents today after the FED announced their plans and is expected to get even higher in the coming weeks. With the rise of the new bagmen coming to Washington (look up your history books if you want to know what that is) a level of greed, bribery and corporate influence is occurring unseen since the end of the 19th century. With foreign money flowing in and no way to know where it is coming from we are in real danger of losing all our freedoms here. Work hard and you will be rewarded with a little bit of the rich people's scraps. Work badly and you will die. We are being railroaded into a new fascist state and the Tea Party is leading the charge. I read a recent article about a guy who lived in Nazi Germany and he says all the signs of what occurred there are happening again. History does repeat itself especially those that don't learn from it. And we in this country, we know nothing.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment