No Social Security $$ increase until 2012; Obama double crosses his base, media smothers the story ~ The Collins Report
No Social Security $$ increase until 2012; Obama double crosses his base, media smothers the story
The Collins Report ^ | August 21, 2009 | Kevin “Coach” Collins
Posted on Friday, August 21, 2009 9:07:46 AM by jmaroneps37
This is another important story being smothered by the Democrat controlled media.
The Obama administration has quietly announced there will be no raise in social security payments next year and maybe not until 2012, a presidential election year.
Citing a 2008 third quarter cost of living decline, Congress has voted no cost of living increase in next year’s Social Security checks for the first time since 1973.
The Democrats are pointing to their own prediction of a “… [steady] decline in consumer prices through the first three quarters of this year…” Based on this they claim to foresee no need for raises until possibly 1212.
Democrats ignore Consumer Price Index: hide behind flat Inflation
Obama’s base will suffer the most. While 80% of our big cities voted for Obama it’s apparent the elderly, both White and minority, will be asked to “balance the budget” by themselves. There might not be any inflation but the Consumer Price Index (CPI) has risen steadily since January, and people are living by the CPI not the rate of inflation.
Numbers show ignoring the CPI will crush elderly and minorities
Using Gastonia North Carolina as a baseline for CPI, here are some comparisons with other centers where the population is White Black Hispanic elderly and overwhelmingly Obama supporters.
In each of these Urban centers Obama got more than 80% of the vote but:
Those living in New York City need 55% more to live than those in Gastonia.
In Detroit they need 12% more; in Cleveland they need 10% more; Bostonians 25% more
Chicagoans 10.7% more and Oakland Californians need 43% more than those in Gastonia
The poor in these cities receive standard payments the same as everywhere else. The combination of no raise and a rising CPI will actually kill some of them
(Excerpt) Read more at collinsreport.net …