Originally Posted by
GeoFisher
The biggest thing you miss is the fact that NO ONE is touching Medicare and Social Security.
What you miss is that the Senior Citizen voting block is one of the largest voting blocks out there. Senior citizens are living longer than ever before, and that voting block is growing steadily.
THEY will vote for the money, especially if they are on Medicare and Social Security.
Democrats quite effectively use scare tactics to scare seniors like you into believing those evil republicans are gonna take Social Security and Medicare away. In reality, YOU JUST GOT the largest raise in Social Security ever. And guess what Biden or Trump or republican or democrats didn't do that........IT is a triggered COLA.
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History of Automatic Cost-Of-Living Adjustments (COLA)
The purpose of the COLA is to ensure that the purchasing power of Social Security and Supplemental Security Income (SSI) benefits is not eroded by inflation. It is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year a COLA was determined to the third quarter of the current year. If there is no increase, there can be no COLA.
The CPI-W is determined by the Bureau of Labor Statistics in the Department of Labor. By law, it is the official measure used by the Social Security Administration to calculate COLAs.
Congress enacted the COLA provision as part of the 1972 Social Security Amendments, and automatic annual COLAs began in 1975. Before that, benefits were increased only when Congress enacted special legislation.
Beginning in 1975, Social Security started automatic annual cost-of-living allowances. The change was enacted by legislation that ties COLAs to the annual increase in the Consumer Price Index (CPI-W).
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