<<<<<<< since 1980, the purchasing power of the dollar has dropped from $2.84 to $1.00, in today's market place (see calculator, here).
From the AP we learn:
“Social Security benefits will
rise 1.5 percent in January, giving millions of retired and disabled workers an
average raise of $19 a month to keep up with the cost of living.
The increase is among the smallest since automatic
adjustments were adopted in 1975, and reflects the fact that consumer prices
haven't gone up much in the past year. The annual cost-of-living adjustment, or
COLA, is based on a government measure of inflation that was released
Wednesday.”
Editor’s notes: The
unreported issue - and I mean to say that this issue is never
properly reported – is the fact that the government’s measure of inflation does
not included rising food prices, income and other other tax increases, transportation fuel costs and the cost for residential heating fuels, despite the AP's assertion that food costs are considered "inflationary." Of course, all these items experience inflationary
trends, just as does every aspect of our
daily lives.
To argue that inflation was/is “just 1.5%” is as big a lie
as “if you like your insurance, you can
keep your insurance, period.” But who cares about the truth, anymore?
As a result of this federal buffoonery, the first two years
of Obama’s reign saw “zero” inflation and seniors on SS did not receive any
increase in their monthly checks, as a
result. Imagine, we were in the worst recession in the history
of mankind, or so we were being
told, and inflation was “zero.”
And today, we learn
that inflation for 2013 was only 1.5%. That, in spite of the AP stated fact that housing
costs increased 2.5%. Transportation
fuel prices decreased by just $0.25 cents per gallon, most of which took place in the last two
months of this reported period. Understand
that Cost of Living surveys are only taken in July, August and September – the only
months in which gas decreased in costs. Residential
fuels, however, have increased, by all reports. No fixed estimate has been given, however,
since no one in government wants to admit that residential heating fuels
add to inflationary pressure.
The AP article referenced above, also, states that the Cost of Living Averages
has been under 2% only 7 times since mid-1970.
You should know that 3 of those seven years (2010, 2011 and 2013) have
been under the Obama Regime. What is
important in this fact, is this: In [falsely] declaring inflation to be at
zero, two years running (2010 and 2011)
, Obama cut all increases to Seniors and
saved billions in Social Security payouts. His 2013 estimates, the third lowest in history, also works to increase revenues for his spending programs.
Point
of post: While inflation
reports are good for the feds, they are
based on a monstrous lie and a disaster for those who receive benefits via SS
and Medicare. Understand that even in
retirement, seniors pay taxes on their
benefit payments. Anyone know what the
tax increase to seniors has been, over
the past several years? . . . . . . . .
. . . . . . . . I didn’t think so.
