The House Ways and Means Committee staff', controlled by Republicans, sent out a press release claiming that the chained CPI method of computing Social Security's Cost Of Living Adjustment (COLA) would have resulted in a 1.7% COLA this year instead of the 1.5% COLA that beneficiaries actually received. Wow, who says chained CPI would hurt Social Security recipients? There's just one little problem. The Ways and Means Committee press release was plain wrong and completely misleading.
Speaking of misinformation: The CBO's estimate of the savings of raising the age for Medicare entitlement was just revised downward from $113 billion to $19 billion. Whoops!
ReplyDeletehttp://www.cbo.gov/sites/default/files/cbofiles/attachments/44661-EligibilityAgeforMedicare.pdf
Unbelievable. The House Ways and Means solicited the public on fixes for Social Security a number of months ago. I sent my suggestions in which amounted to repaying the trust fund and keeping their hands off in the future.
ReplyDeleteThis is a farce. Complete frauds and cheats.
I am calling out 3:51 as a paid shill, for violating the 7th commandment (i.e. putting forth the argument that there is no money in the Social Security trust fund as the money was all stolen by Democrats).
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