Monthly Archives: August 2009

Social Security COLAs Frozen for 2 Years

For the first time in a generation, millions of older people are reportedly facing shrinking Social Security checks next year.

For the first time since automatic increases were adopted in 1975, trustees overseeing Social Security are estimating that there won’t be a cost of living adjustment (COLA) for the next two years. With rising costs of health care and everything else, millions of seniors rely on the Social Security COLAs.

Even with a 5.8 percent COLA in 2009, retirees on Social Security received very little compared to the raise Congress gave itself at the beginning of the year. The raise Congress gave itself pales even more in comparison when you figure that Congress also decided to give each one of themselves almost $6.9 million to spend on ‘expenses.’ There is something majorly wrong with this picture.

Law prevents Social Security benefits from going down, but the monthly payments for millions of people in the Medicare prescription drug program would drop because premiums, which are oftentimes deducted from Social Security payments, are scheduled to rise slightly.

Continue reading

A Visitor From The Past

Since it’s time for a reminder, this is a post from

A Visitor From The Past

For those who have not seen this classic poem by Thelen Paulk…

I had a dream the other night, I didn’t understand.
A figure walking through the mist, with flintlock in his hand.
His clothes were torn and dirty, as he stood there by my bed.
He took off his three-cornered hat, and speaking low, he said:

“We fought a revolution, to secure our liberty.
We wrote the Constitution, as a shield from tyranny.
For future generations, this legacy we gave.
In this, the land of the free and home of the brave.”

“The freedom we secured for you, we hoped you’d always keep.
But tyrants labored endlessly while your parents were asleep.
Your freedom gone, your courage lost, you’re no more than a slave. In this, the land of the free and home of the brave.”

Continue reading