Social Security update: 2012 will see a COLA wash

BY SMA Staff 3/31/2011 For most of the 45 million Americans who receive both Social Security and Medicare benefits, 2012 will be yet another year with effectively no increase in their Social Security payments. Although the government is anticipating a small cost-of-living increase next year, because of increases in Medicare Part B premiums, which are… Continue Reading

Medicare Premium Hikes Wiping Out Increases in Social

Duck Durbin says that it would be “extremely difficult” to round up 60 votes for any changes to Social Security. But in a way, the Social Security benefit is being cut already. For the past two years, there have been no changes to the cost of living adjustment, despite increases in the core costs for… Continue Reading

H.R.776: Guaranteed 3% COLA for Seniors Act of 2011

Sponsor: Rep Engel, Eliot L. [NY-17] (introduced 2/17/2011) Latest Major Action: 2/17/2011 Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as… Continue Reading

No COLA for seniors until 2013

 The CBO has projected that there will be no COLA on Social Security benefits until 2013. This will affect most seniors, people who are retired, and many who are disabled. The good news according to our government is there is no inflation. The bad news for seniors (and others) is there is. Many pensions use… Continue Reading

Obamacare Marches On

March 16, 2011 4:00 A.M. For the second time this month, Congress has passed a short-term continuing resolution and avoid a government shutdown. And for the second time, this was accomplished at the cost of dropping a provision that would have prevented the use of government funds to implement Obamacare. It raises the question, then,… Continue Reading