Cost Of Living Adjustments

Discussion in 'Money & Finances' started by Sheldon Scott, Oct 18, 2016.

  1. Denise Evans

    Denise Evans Supreme Member
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    no bill-paying with credit cards for me, well, I pray I never have to. They need to get it right the first time, SS administration/government.
     
    #181
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  2. Denise Evans

    Denise Evans Supreme Member
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    Thanks John, I now took the time to read the article which is very good at explanation of some get higher raise and other won't. Of course I can't say that's fair but they've figured a way (most likely) to cheat beneficiaries out of their true amount. I know I can be cynical about these things. I don't think people the worked and made more money should be given any less than others, just a flat 8.7 etc. Of course our government is so deep in debt they will bound to be looking for how to dig our country out. Who knows for sure who will be affected and who won't.

    I just wish people would do their own home-work and find out what we need to spend money on (meaning the government and our tax dollars) and what not to, idiots. Like America first to get dollars because if we get so broke, how are we supposed to help other countries. No common sense in leadership, or darn little.
     
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  3. John Brunner

    John Brunner Senior Staff
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    From what I read, the only risk to having benefits reduced is a lack of funds in the system. Some articles are putting the year 2034 out there are the tipping point.
     
    #183
  4. John Brunner

    John Brunner Senior Staff
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    From WIKI:

    **********************************************************
    List of enumerated powers of the federal constitution

    Article I, Section 8 of the United States Constitution:

    The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

    To borrow on the credit of the United States;

    To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

    To establish a uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

    To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

    To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

    To establish Post Offices and Post Roads;

    To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;

    To constitute Tribunals inferior to the supreme Court;

    To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations;

    To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;

    To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

    To provide and maintain a Navy;

    To make Rules for the Government and Regulation of the land and naval Forces;

    To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;

    To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;

    To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings; And

    To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

    Article III, Section 3 of the United States Constitution:

    The Congress shall have Power to declare the Punishment of Treason, but no Attainder of Treason shall work Corruption of Blood, or Forfeiture except during the Life of the Person attainted.

    Article IV, Section 3 of the United States Constitution:

    New States may be admitted by the Congress into this Union; but no new State shall be formed or erected within the Jurisdiction of any other State; nor any State be formed by the Junction of two or more States, or Parts of States, without the Consent of the Legislatures of the States concerned as well as of the Congress.

    The Congress shall have Power to dispose of and make all needful Rules and Regulations respecting the Territory or other Property belonging to the United States; and nothing in this Constitution shall be so construed as to Prejudice any Claims of the United States, or of any particular State.

    Amendment XVI of the United States Constitution: [passed 1909]

    The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

    Amendment XX, Section 4 of the United States Constitution:[passed 1933]

    The Congress may by law provide for the case of the death of any of the persons from whom the House of Representatives may choose a President whenever the right of choice shall have devolved upon them, and for the case of the death of any of the persons from whom the Senate may choose a Vice President whenever the right of choice shall have devolved upon them.

    **********************************************************​
    So "what the Fed really needs to spend its money on" has already been decided. All else is to be left to the states. If there are retirement programs or medicare-like programs or welfare programs it happens in the states. This has been turned on its head over time.

    And you did what most of us do: you refer to "the government." The Fed is not supposed to be a daily part of our lives..."government" is state/county/city/town/local. Yet here we are (as Madison predicted) looking to the Fed as "government," because [predictable] it has encroached so as to eclipse everything else.
     
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    Last edited: Dec 2, 2022
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  5. Marie Mallery

    Marie Mallery Veteran Member
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    I don't think that the Constitution granted the leaders the power to operate an insurance business like Social Security. And that is what SSI is. But then it is deducted from workers' pay. Since it first started it has been amended into as much a welfare program as insurance.
    But since congress decided to play Daddio to the whole world guess it doesn't matter.
    America always had clinics and charities for the poor till the socialist took over our laws.
     
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  6. Tom Ellerton

    Tom Ellerton Member
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    I got 12% raise. But my 2 government controlled pensions only about 2.5%!!
     
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  7. Joy Martin

    Joy Martin Veteran Member
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    My increase is 8.6% or $157/mo. My little company pension does not give increases...But glad I have it.
     
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  8. Beth Gallagher

    Beth Gallagher Supreme Member
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    How did you get a 12% raise when the SS increase was 8.7%?
     
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  9. Bobby Cole

    Bobby Cole Supreme Member
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    Yvonne and I got our increase in SS but I am of the opinion that it isn’t fair using a percentile system.

    Yvonne worked as a housewife and mother of 3 for most of her wage earning years so she doesn’t even draw half of what I do.
    Using the percentile system gives us both the same % of increase but not the same dollar amount so Yvonne’s raise was much less than mine.

    I know that handing over the same dollar amount would put a larger dent in the total fund but it would, in my opinion, be a better way of doing things.
     
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  10. Don Alaska

    Don Alaska Supreme Member
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    Have you looked into adding Yvonne to your SS account? My wife was added to mine and it significantly increased her SS without affecting mine at all. File for "spousal support".
     
    #190
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  11. Thomas Stillhere

    Thomas Stillhere Very Well-Known Member
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    What about cats !! 16 pounds of dry food was 16 dollars this morning. The price tag on the shelve was not up to date so I was over charged 5 dollars and some change with the tax. I was a bit surprised when I spent 68 dollars and all I had for myself to eat was a loaf of bread and a small container of butter, the rest was pain killers for my knees and household things like washing liquid and dish soap etc. The cats cost a lot today, I got a refund for that 5 bucks but used it to buy 3 cans of dog food, the stew stuff that has taters and carrots because those little cats love the stuff. :D
     
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  12. Bobby Cole

    Bobby Cole Supreme Member
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    Yeah, she gets an extra C note every month but that’s kind of what I mean.
    She doesn’t get a % of my SS but instead she gets a standing dollar amount which is how I believe the increases in SS should be handled.
     
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  13. Joy Martin

    Joy Martin Veteran Member
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    Sure glad glad I never broke down and took on house pets.....;)
     
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  14. Ken Anderson

    Ken Anderson Senior Staff
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    petfoodprices.jpg
    My last kibble prices were $54.85 for 8 lbs, $46.40 for 15 lbs, and $21.08 for 3.5 lbs.

    As far as Social Security goes, I'm glad that I have it. I wouldn't have voted for it, but since I paid into it throughout my working life, it comes in handy. I was never a math major but although this was a significant rise, I don't think that it kept up with the actual cost of living increases.

    I'm still working, but if I were completely dependent on Social Security, I could survive, but I'd have to make a lot of cutbacks. Without Medicare, I probably wouldn't be able to, however.
     
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  15. Beth Gallagher

    Beth Gallagher Supreme Member
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    When people say "the rich shouldn't get SS," my response is that even if I won the zillion-dollar power ball lottery I'd STILL draw SS. I didn't have any choice about paying INTO that system so I want my benefit. (And if Biden gets SS then why the hell shouldn't I??)
     
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