Placido Salazar psalazar9@satx.rr.

com Obama Budget to Propose Cuts in Social Security, Medicare

WE MUST STRONGLY PROTEST ANY CUTS TO SOCIAL SECURITY AND VETERANS DISABILITY COMPENSATION, WHICH HAVE BEEN TIED TO ONE ANOTHER. For two consecutive years, Social Security and Veteran Disability recipients received NO COST OF LIVING INCREASE, while the president and congressmen, received their HEFTY AUTOMATIC PAY RAISE. Below is the table of increases and KEEP IN MIND, WE MUST HOLD ACCOUNTABILITY AND VOTE AGAINST EVERY SENATOR AND REPRESENTATIVE WHO VOTES FOR CUTTING OUR PAY, WHILE THEY AND EVERY OTHER MILLIONAIRES TAXES ARE CUT, ALLOWING THEM TO KEEP MORE MONEY IN THEIR POCKET. How do these geniuses figure that the COST OF LIVING for us, has only risen 3.6 in the past four years, when the price of gasoline and every commodity, has gone through the roof? Contact them personally and ask them for an answer and let them know that you are going to vote against them IF THEY VOTE AGAINST US. Placido Salazar, USAF Retired Vietnam Veteran

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Cost-Of-Living Adjustments
Automatic Determinations COLA determination SSI payment rates increase with COLA

Since 1975, Social Security general benefit increases have been cost-of-living adjustments or COLAs. The 1975-82 COLAs were effective with Social Security benefits payable for June in each of those years; thereafter COLAs have been effective with benefits payable for December. Prior to 1975, Social Security benefit increases were set by legislation.
Social Security Cost-Of-Living Adjustments Year COLA 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
a

Year COLA 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 5.4 3.7 3.0 2.6 2.8 2.6 2.9 2.1 1.3 2.5 3.5 2.6 1.4 2.1 2.7

Year COLA 2005 2006 2007 2008 2009 2010 2011 2012 4.1 3.3 2.3 5.8 0.0 0.0 3.6 1.7

8.0 6.4 5.9 6.5 9.9 14.3 11.2 7.4 3.5 3.5 3.1 1.3 4.2 4.0 4.7

The COLA for December 1999 was originally determined as 2.4 percent based on CPIs published by the Bureau of Labor Statistics. Pursuant to Public Law 106-554, however, this COLA is effectively now 2.5 percent.

The first COLA, for June 1975, was based on the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the second quarter of 1974 to the first quarter of 1975. The 1976-83 COLAs were based on increases in the CPI-W from the first quarter of the prior year to the corresponding quarter of the current year in which the COLA became effective. After 1983, COLAs have been based on increases in the CPI-W from the third quarter of the prior year to the corresponding quarter of the current year in which the COLA became effective.

From: Newsmax.com [mailto:newsmax@reply.newsmax.com] Sent: Friday, April 05, 2013 3:53 PM To: psalazar9@satx.rr.com Subject: Obama Budget to Propose Cuts in Social Security, Medicare

Breaking from Newsmax.com

Obama Budget to Float Entitlement Cuts

President Barack Obamas budget plan will incorporate deficit-cutting proposals that include changing the calculation for Social Security costof-living increases and tax brackets, according to a White House statement. The plan, set for release April 10, will track the offer on spending cuts and revenue increases that Obama made to House Speaker John Boehner of Ohio as part of an end-of-the-year deal on expiring tax cuts, according to the statement e-mailed Friday. While this is not the presidents ideal deficit reduction plan, and there are particular proposals in this plan like the CPI change that were key Republican requests and not the presidents preferred approach, this is a compromise proposal that will be part of the budget, according to the statement.

Obamas offer to Boehner still stands, it said. That means that the things like CPI that Republican leaders have pushed hard for will only be accepted if congressional Republicans are willing to do more on revenues, said the statement. This isnt about political horse trading; its about reducing the deficit in a balanced way. The plan includes a new inflation gauge that would effectively reduce cost-of-living increases for Social Security beneficiaries, a measure that is sure to draw opposition from many Democrats. It also proposes using the calculation for adjusting income tax brackets, which would mean higher payments for many taxpayers. The New York Times reports the budget also proposes cuts to Medicare. Read More Here Editor's Notes: 3 Little-known Secrets for a Healthy Digestive Tract ALERT: These 7 Things Activate Alzheimer's in Your Brain Professor Loses $1.5 Million in Market But Bounces Back! (Heres How)

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