Ned Pepper's Outrages

Friday, October 15, 2010

NO SS INCREASE!!!

The NYT and other media are reporting that, following the SS law, there will be no "cost of living" increase in Social Security checks next year. Already the geezer entitlement crowd (of which Ned is a proud member) is commencing a loud shrill nasally whine demanding that the actuarial basis for an increase be damned and 'we want our increase and we want it now!'
Earth to geezers: the country is in financial trouble, brought about by monumental greed, selfishness, and mismanagement by such 'free market' darlings as Alan Greenspan and Halfbright Fellow George W Bush. Wall Street and the sneering plutocrat crowd got obscenely rich at the country's expense, and the voters who enabled them justified it by hoping to pick up a few half-eaten crumbs at the foot of the rich folks table, otherwise known as 'trickle-down economics.'
Now, it IS true that many geezers, perhaps one-third, depend on SS for most if not all of their income. For those, Ned would propose a food-stamp debit card containing perhaps $200 a month until inflation rears its head to the extent that SS checks can rise. To the rest of us, the remaining two thirds that have additional sources of income, Ned would say please shut the **** up and stop whining. Ned reminds all of us that Medicare premiums will not rise for the vast majority (+80%) of SS recipients when no SS raise is forthcoming. And many of the poorest retirees only have Medicare Part A which is free anyway.
And remember: we all got a 5.8% raise a couple of years ago, which was due to a quirk in the law.
Now, shut up and pass the rum.

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