Obama hates Old People

[coldharvest]

Social Security benefits again won't go up


For the second year in a row, the nearly 54 million retirees and other Americans who receive Social Security benefits will not get any cost-of-living increase in 2011 in their monthly checks, government officials announced Friday, renewing debate over whether the system offers enough help in a weak economy.

The absence of any growth in Social Security checks for consecutive years is unprecedented in the 31/2 decades that payments have been adjusted automatically based on the nation's inflation rate.
http://www.washingtonpost.com/wp-dyn/content/article/2010/10/15/AR2010101506348.html

[Penta]

I don't suppose you'd happen to know how much price inflation there's actually been since it was last raised, what with the credit crunch and all.

[Michael]

I don't suppose you'd happen to know how much price inflation there's actually been since it was last raised, what with the credit crunch and all.

Based on the benchmarks they use, there isn't any increase. In a similar vein, Colorado reduced its minimum wage for the year since the number they use actually showed a slight decline in the cost of living.