The Congressional Budget Office and the Obama Administration are projecting that there will be no Cost Of Living Adjustment (COLA) in Social Security benefits this year, because the cost of living has not and is not going up, according to a Robert Pear article in the New York Times. In fact, the head of the Congressional Budget Office says there may be no COLA until 2013.
I wonder if Obama and Congress remember this? LOL
ReplyDelete"For Dan Rostenkowski, D-Ill., then powerful chairman of the House Ways and Means Committee, it all boiled over on a hot day in August when he failed to sell the new coverage to elderly activists at a seniors' center on Chicago's North Side. Brandishing canes, some waving signs saying "Rottenkowski," they chased the sweating, panicked lawmaker to his car. When they surrounded his car, he got out and ran down the street."