pahunkboy
Posts: 33061
Joined: 2/26/2006 From: Central Pennsylvania Status: offline
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quote:
ORIGINAL: jlf1961 They are talking about raising the retirement age NOT cutting existing benefits hunk. And considering that retirees are the largest block of voters AS well as have the biggest lobby on capital hill, no congressman or President for that matter would think of making such cuts. No congressman or president that supported such moves survived for very long, and Sen. McCain when he ran for President campaigned for Social Security reform and look what happened to his bid. Dumping COLAS for 3 years is a short change. Check out the planned increase of postage. Enter electric rate increase, gas increase, water increase, phone service increase, insurance costs increase, and tax bill increase. I just got my property tax bill. That went up. But consider postage stamps, consider that congress itself got a COLA. Note that goldman sachs got numerous bonuses. And a bail out. So the dollar is worth .03. per the 1913 federal reserve. Funny thing tho- find a quarter in the couch from 1963- that same quarter buys the same amount of goods it did- from the day it was in circulation. Isnt that amazing? Back then- a quarter bought a loaf of bread. Today- its silver content will buy you- a loaf of bread.
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