What do you think?

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15 years 6 months ago #5890 by karylkoch
What do you think? was created by karylkoch
I just read, where there will not be any Social Security COLA's for the next 2 years. Do you know, or think, the next step, will be no COLA's for retired military and DOD? I am fearful we will be taken for a ride, to support those who have had a free ride, thanks to the powers that be.

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15 years 6 months ago #5892 by monkey44
Replied by monkey44 on topic Re:What do you think?
Although I believe it actually appears nowhere in the laws as a requirement, SS and Retired Military raises are based on COLA, and if COLA does not increase, then our retired pay will not increase.

And COLA 'supposedly' reflects the cost of specific services to Americans over the year (groceries, etc.) We've seen our costs go up higher in general than what COLA reflects. Some items, things we all use, do not even count (Like fuel??) in the COLA calculation -- although it does reflect accidentally when groceries go up because transport goes up.

I do know that when a loaf of bread goes from $1.50 to $2.00 in a year, that's 25% rise to me ... and then COLA goes up 5.8%, sometimes I wonder about the 'federal math'.

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15 years 6 months ago #5904 by Mustang03
Replied by Mustang03 on topic Re:What do you think?
What do I think? Better run this one past Snopes. What's your source?

B.N. Lavender
Capt. (LDO) USMC (Ret.)
Some people wonder all their lives if they've made a difference. The Marines don't have that problem.” Ronald Reagan

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