Showing posts with label COLA. Show all posts
Showing posts with label COLA. Show all posts

Friday, September 4, 2015

No annual Cost of Living Adjustment

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Annual COLA:  Helping Americans who need it...
Just became aware that this year once again there will be no Cost of Living Adjustment (COLA) for those on Social Security and SS Disability and VA Disability.
I have written the White House and to various Legislators during the past several years to develop a new formula for determining automatic COLA's because the old formula is antiquated and inaccurate.  Yet, no one deals properly with the issue.
Instead, we have increased money for Medicaid and welfare recipients and we throw billions away to Iran and other nations in the world and yet we do so little for those on Medicare and other needed programs for seniors, the disabled and people who have worked their entire lives, paid taxes and who can't work any more.
Even Medicare costs to recipients have increased and other medical cost directly attributed to the failed Obamacare program.  We continue to throw money at illegal immigrants who are helped before our own citizens.  IT IS NOT RIGHT TO DO SO!
Personally, I don't know families depending on the COLA will get by.  During the past 8 years we now have had 3 occasions where there was no COLA increase, while all other expenses have risen.
Please stop throwing tax dollars away on useless causes and use them instead to help US citizens who look to the annual COLA as a supplement to help them survive each year.
Congress must act to change what doesn't work for millions of Americans.


Wednesday, February 4, 2015

US Government misleads on unemployment rate and cost of living adjustment

The US Government has been doing it for generations.  It misleads the American people on many matters but perhaps the worst lies are that unemployment is at 5 percent and the Cost of Living Adjustment is at 1.5 percent.

Both of these government statements are outright lies!

Henry David Thoreau was correct when he stated that "Most men lead lives of quiet desperation."


Americans are hurting.  Approximately 70 percent carry some debt and are living precariously from month to month.
Of course the government rate of unemployment is nonsense.  The real number is up around 20 percent.
Most unemployed are not being calculated because they have been out of work for years.  Many have given up trying to find work.
Furthermore many of the jobs being counted by the government are for less money and/or for part time employees.  Many of those being counted have 2 or more part time jobs.  Many are without benefits.
But this is nothing new.  Government calculations have always been incorrect because they are based on faulty, antiquated and/or illogical formulas.
The same should be said regarding the formula for determining Cost of Living Adjustment (COLA) for the Disabled or Disabled Veterans on Social Security Disability and on Veterans Disability.  Both of these categories are paid by the Department of the Treasury.
The formula for this year only raised the COLA 1.5 percent... and that amount is totally wrong.  
In truth, the COLA has risen much more than that, but the antiquated and incorrect formula remains untouched by the President and Congress as it has been ignored for decades.
Consequently millions of Disabled receiving government disability are being short-changed.  Many no longer can afford to live.  Many have become homeless and many more soon will be.
It's time that Congress give the Disabled what they are entitled to for a real and accurate COLA.
It is also time the Congress redetermine an accurate account of the unemployed in our nation.