DOES SOCIAL SECURITY HAVE RULES OR NOT?

Barack Obama is at it again. He just can’t keep his socialistic tendencies from taking over and making these grandiose pronouncements.

Just in case you have been in outer space, he is proposing to give
$250 to each of about 57 some million Social Security recipients. You can do the math but just in case your calculator is broken that is around 14.25 billion dollars! Not that we have the extra dollars running around somewhere.

The reason for this proposed generosity is that the cost of living formula for Social Security calls for no increase this year. The formula is based on inflation in the economy and there has not been any this year.

Thus, our President thinks he should do something about it. This is akin to someone running for President of their eighth grade class and saying that "if elected, I will eliminate homework!". Now we know that can't happen nor should it happen. There are rules for homework and rules for the cost of living increases in SS.

Are we all forgetting that last year the annual cost of living increase in the SS system was over 5%! How many of you out there got a 5% raise last year? Did all the people crying about no raise this year volunteer to give back some of their excessive 5% raise last year? Not on your life!

Let’s leave the system alone for now. Follow the rules on the annual Cost of Living formula.

Not that it doesn’t need to be fixed! It does but it doesn’t need to have the benefits increased; the system is going broke. We need to find a way to reduce the payouts not increase them!