Page 1 of 3 123 LastLast
Results 1 to 10 of 26
  1. #1 Burns on SS increase for 2017 
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    14,737
    http://www.dallasnews.com/business/c...n-to-index.ece

    It could happen

    But what if there is no increase for 2017?

    It will be only the fourth time since automatic cost-of-living adjustments began in 1975. But all four years of no increase will have occurred since 2010.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

  2. #2  
    Power CUer FlaGator's Avatar
    Join Date
    Apr 2004
    Location
    The Swamps of N. Florida
    Posts
    24,747
    Quote Originally Posted by Retread View Post
    http://www.dallasnews.com/business/c...n-to-index.ece
    It could happen

    But what if there is no increase for 2017?

    It will be only the fourth time since automatic cost-of-living adjustments began in 1975. But all four years of no increase will have occurred since 2010.
    obviously the Republicans are not funding it hoping that it withers on the vine.
    Never argue with an idiot. They drag you down to their level then beat you with experience.
    Reply With Quote  
     

  3. #3  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    14,737
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

  4. #4  
    Festivus Moderator ralph wiggum's Avatar
    Join Date
    Apr 2004
    Location
    Springfield, USA
    Posts
    19,567
    Mr. Burns?
    Voted hottest "chick" at CU - My hotness transcends gender
    Reply With Quote  
     

  5. #5  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    14,737
    Quote Originally Posted by ralph wiggum View Post
    Mr. Burns?
    And your question is.....

    The CPI comes from the DoL report out last week.

    Scott Burns runs an investment advisory service and writes a column re: investing.

    Google up "Couch potato portfolio"
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

  6. #6  
    Senior Member ArmyMedic's Avatar
    Join Date
    May 2016
    Location
    The United States of America
    Posts
    277
    Quote Originally Posted by Retread View Post
    And your question is.....

    The CPI comes from the DoL report out last week.

    Scott Burns runs an investment advisory service and writes a column re: investing.

    Google up "Couch potato portfolio"
    Yeah too bad the system he's using doesn't really reflect pricing in the real world. Want to see Congress get it's act in gear.

    Directly tie their pay raises to the cost of living the same way. LOL
    Reply With Quote  
     

  7. #7  
    Festivus Moderator ralph wiggum's Avatar
    Join Date
    Apr 2004
    Location
    Springfield, USA
    Posts
    19,567
    Quote Originally Posted by Retread View Post
    And your question is.....

    The CPI comes from the DoL report out last week.

    Scott Burns runs an investment advisory service and writes a column re: investing.

    Google up "Couch potato portfolio"
    Just teasing!!!
    Voted hottest "chick" at CU - My hotness transcends gender
    Reply With Quote  
     

  8. #8  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    14,737
    Quote Originally Posted by ralph wiggum View Post
    Just teasing!!!
    Wise acre!
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

  9. #9  
    Senior Member DumbAss Tanker's Avatar
    Join Date
    Jun 2002
    Location
    Missouri
    Posts
    4,303
    Quote Originally Posted by ralph wiggum View Post
    Mr. Burns?
    "Montgomery Burns" was what immediately flashed into my mind when I saw the thread...

    Reply With Quote  
     

  10. #10  
    Quote Originally Posted by Retread View Post
    http://www.dallasnews.com/business/c...n-to-index.ece

    It could happen

    But what if there is no increase for 2017?

    It will be only the fourth time since automatic cost-of-living adjustments began in 1975. But all four years of no increase will have occurred since 2010.
    The reason it's an issue is because the economy has been fighting off deflation since 2009. People, companies and finantial institutions have all had to deleverage over the last 8 years and prices, wages and the quantity of money available have, as a result of the crash, become "unsyncronized" as failure to repay trillions in debt results in the destruction of trillions of dollars. As a result, there has been very little overall inflation in the economy.

    Personally, I think raising benefits is a must. CPI is a basket of goods based on lots of individual numbers, perhaps when calculating SS wage increases, things that effect seniors the most should effect the CPI a little more.

    In other words, the CPI index in the article was something like 233.278. That number is made up of a lot of costs, some went up and some went down. If in the aggregate they go up, seniors get a raise. What I'm saying is that when looking at the cost of medicine and doctors care, food, housing costs...These should count for slightly more then other factors that make up CPI. I think we can all agree that if medicine when up 50% and virtually everything else used to calculate CPI dropped by 1%, the overall CPI rate might fall, but seniors would have less money because medicine makes up a huge part of their monthly outlay.

    Just a thought.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •