First they print lots of dollars so the spending value of our dollar drops making our SS checks buy less and then they undervalue the Consumer Price Index (CPI) so that it looks like our checks are being adjusted for inflation. This year, benefits rose by 2.8%. Anyone who thinks with gasoline up 30%, milk up 29%, heating costs up, etc., that our CPI was not at LEAST 6% isn't paying attention.
With more dollars in circulation, with only ½ the actual CPI, seniors (and worse yet, the disabled) wonder why their entitlement checks aren’t keeping up. A friend retired early at 62 because of an injury, and has indexed retirement and social security. She just took a part time job at minimum wage to make ends meet. She is 70 and very frail.
Is anyone else thinking or working on this issue? I’ve found few who understand economics well enough to understand.
Sunday, January 20, 2008
A Stealth Starvation Technique to ‘Save Social Security’.
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