This is a preliminary warning to Liberals everywhere. There are those around that are at this very moment preparing emails that will soon be coming your way about the subject of this blog post.
Approximately 35% of retired Americans rely on Social Security for up to 90% of their retirement income and over 60% of those retired depend on Social Security as their primary income. Most of them also rely on an annual COLA (cost of living allowance) increase in that income. Once again, next year, that will not happen. That's two years in a row without a COLA increase, and it still isn't Obama's fault. Nor is it the fault of the Democrats controlling Congress. In fact, the COLAs are automatically set each year by an inflation measure that was adopted by Congress back in the mid seventies. That COLA is based on inflation within the present year and according to that measure, there will be no COLA next year.
Once again; For those of you reading this, be aware . . . there will be emails coming your way accusing Obama or the Democrats in Congress for this lack of a COLA. They will say that Obama has refused to give the elderly a raise in their Social Security. Make sure you don't let them get away with it. Remember, the formula was set back in the 70s, not by anyone in power today and it is the law.
Also remember that the VA benefits are tied directly to the Social Security COLA as well as many other entitlements.
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