Should special provisions be made for a Social Security increase?

Social Security recipients will not be receiving a cost-of-living adjustment next year, but they’re still hurting in this economy. Many pay a high proportion of their income for health care, where costs are rising more than they are in the overall economy.

One group, the National Committee to Preserve Social Security and Medicare, wants Congress to increase benefits anyway, even though the formula doesn’t call for it, Associated Press reports. It would like to see either a 1 percent increase in monthly payments or a one-time payment of $150.

The cost of a one-time payment, a little less than $8 billion, could be covered by increasing the amount of income subjected to Social Security taxes. Workers pay Social Security taxes on the first $106,800 of income.

Critics argue that Social Security recipients shouldn’t get an increase when overall inflation is down. They said recipients received a big increase in January — after energy prices started to fall, AP writes. They also said Social Security recipients received one-time $250 payments in the spring as part of the government’s stimulus package.

What do you think? Should any special compensation be approved for Social Security recipients?

31 comments Add your comment

Nancy Winfrey

August 24th, 2009
7:17 am

Social Security is my primary source of income, especially since interest rates paid out by banks are so terribly low. It seems to me that the crooks only have token arrests and confiscation of their assets, while the government (read: “Congress”) is trying to shore up the economy on the backs of the poor and elderly. So what’s new? Historically, this has been done. Also, historically, the “hidden tax” of rampant inflation is the next step. We have to pay for all this with cheaper dollars!

willard schoeffling

August 24th, 2009
7:23 am

yes a increase no matter what size is needed. my ss check and my wifes is what we live on, to think inflation will not rear its ugly head over the next 15 months is pure folly.

Mary Turner

August 24th, 2009
7:50 am

If the cost of medicare goes up the benefits should increase. We’re not asking for a bonanza….just trying to stay on an even keel.

David

August 24th, 2009
9:15 am

No there should be no provision. The company I work for gave no COL raises this year and said there will most likely not be one next year. Our insurance will also likely rise. We are all tightening our belts. To those saying “well, this is what I live on.”, my salary is what I live on … just because the govt is cutting the check doesn’t mean it should be automatic.

gene doe

August 24th, 2009
9:17 am

NO social security raises until other changes are made. Suggestion: Allow all persons age 62 and older who chose to draw benefits early:1. work 2. pay nothing back if earning over the now limit of $14000/yr 3. pay all the normal taxes on this extra income to the city, county, state, Feds. 4.discontinue the retirement system for all Congressman, Senators and have them be forced to join the Social security system just like you and me. 3.Everyone owould have the same option and stop all theses “perks”. People take back our country, go USA! Thx genedoe.

Pauline Wilken

August 24th, 2009
9:20 am

Hey, with the Congress finding funds to give itself astronomical increases, why wouldn’t they at least have a moratorium on raises and rather help the SS. Seems ridiculous! — and confirms their lack of credibility! Who wants this self serving greedy click deciding money matters for those on SS, or healthcare. Yes, give a raise to those on SS out of a sense of decency.

Maryellen

August 24th, 2009
9:37 am

Why does Congress gets an automatic 4% cost of living salary increase every January, at a time when Americans are losing their jobs and now our Senior Citizens are losing their cost of living increase?

To Many Taxes

August 24th, 2009
10:02 am

Look to the Old but young at heart. It is a shame that you had to pay into this Ponzi scheme and yet I am forced to do also. Bottom Line, we have to make do with what we have and that goes for everyone. David was right on, when he said “We are all tightening our belts.” Your income is fixed, well guess what so is mine. I have not had a raise in 3 years. I thank God I still have a job for that matter. So you see I am in favor for a cost increase but not at my expense. That said there is no way to increase your check without taking it from someone else. Bottom Line. How soon can we get reform on SSI so that another generation does not have to be pillaged by the crooks in Washington? They are all CROOKS Both DEMONCRAPS and REPUBLICAN’TS!

Get Real

August 24th, 2009
10:18 am

Why bother the increase, most of you will be dead in a few years and if Obama’s health plan kicks in they’ll kill you off faster. And most of you morons probably voted for him anyway. Can we say you get what you pay for?!!!???!!!??!
Good Luck!

Chas

August 24th, 2009
10:22 am

NOBODY FORCED the SS receivers to have the goverment take out the pymt for the drugs they receive.I was given the option to do so but read the small print and quit while I was ahead.I pay for my drugs am still ahead.

TnGelding

August 24th, 2009
10:41 am

Hell no! We senior citizens are draining the country dry. Those of us that can afford it are going to have to start payng our way. And I ain’t buying that food or medicine argument either. We have food stamps to help the truly needy. Prioritize for goodness sakes!

TnGelding

August 24th, 2009
10:45 am

Small businessmen are working from dawn to dusk to provide us benefits they can’t afford for themselves. We’re going to have to start picking up more of the tab for our care. Fortunately most of us can afford to. Those that can’t can get help from other government agencies.

Reality Check

August 24th, 2009
11:26 am

NO! Most people have not received a raise or COLA for several years. We are working longer hours than ever before and receive less vacation, if any. The health care in this country is a disaster and more families are loosing their homes and health insurance because everything is being outsourced for the elite. Cheap labor and cheap products and an economy controlled by the elite is the Mantra. The middle class is a thing of the past and is being destroyed by corporate robber barons and their political allies.

Soon to be Retired

August 24th, 2009
11:43 am

What is wrong with you people. Do you think that SS benefits, which we have contributed to all of our working lives, compares to a salary provided via a normal job? SS benefits puts us below the poverty level and you are complaining about us getting a raise. At least you are young enough to explore other options such as second jobs (which many of us retirees or soon to be retirees, have had to do) or waiting for the economy to pick up so your investments go up again. We do not have those options available due to our ages or health or both, and our only recourse is to live with the mess our politicians and greedy businesses have left for us. Yes it is hard for everyone, but we were not the cause and we have no other recourse but to live on the money that we provided to begin with.

Pat Chevalier

August 24th, 2009
12:56 pm

I am sympathetic to all seniors and to everyone else who is trying to survive; this year Social Security beneficiaries received a 5.7% increase plus a stimulus payment. The average wage increase for wage earners for 2009: 3.7% while year after year after year, health insurance premiums have continued to go up and up while co-pays and deductibles have gone up, at the same time ending coverage benefits or denying coverage. It’s hard on everyone now.

Patricia

August 24th, 2009
1:03 pm

Many interesting comments, and most of them are valid. So, here are mine. Not all SS recipients are retired, there are milions of us who are disabled. That means that we do not have the option to pick up a job to supplement our income; we can’t. That also means our health expenditures are higher. Have you ever seen the formula that is used to calculate out COLA? I saw it on the internet a few years ago, and health costs were a very small percentage. The formula used for Congress has a higher health cost! Weren’t we “forced” to sign up for the prescription coverage? If we didn’t they applied a penalty cost which would increase the premiums each year, until you did decide to join it. I don’t know how anyone can be ahead…. one prescription of mine is $200.00, and that’s the generic! Social Security is way overdue for an overhaul. They are not allowed to take bids on services or products like the VA does. There are people with incomes in the hundreds of thousands and even millions, and they still take that SS check every month. It was designed to help people who need help. We are the only ones who can change this.

Nita Turlington

August 24th, 2009
1:38 pm

Yes I think yes a increase no matter what size is needed. My husband gets SS and most of it goes for medication because of a stroke. Most of the people on SS paid in all their lives for this so give it to them. Maybe the goverment should stop giving SS to people who has never paid a dime in like the illegals and also discontinue the retirement system for all Congressman, Senators and have them be forced to join the Social security system just like the rest of us.

Maryellen

August 24th, 2009
1:44 pm

Just imagine what would of happen if George W. Bush got his way and invested Social Security in the stock market!
Congress should not be getting a COLA! SHOULD NOT!

TnGelding

August 24th, 2009
3:09 pm

Maryellen

August 24th, 2009
1:44 pm

I’ve got no problem with Congress having a COLA, as long as everyone else has one too, especially the minimum wage.

Clinton wanted to invest a small portion of the SS surplus in the markets as well. Bush wanted to give the option to the individual, and in the long run they would be better off if some of it was invested in something other than government IOUs.

Bottom line most of the benefits are being paid to people who don’t really need it; John Shelby McCain, Joseph Robinette Biden, Barbara Pierce Bush (I presume), H. Ross Perot and Warren Buffett, just to name a few.

TnGelding

August 24th, 2009
4:46 pm

Make that John Sidney McCain III.

josef nix

August 24th, 2009
6:13 pm

After what that pack of Peronistas threw out the window of our own Casa Rosada in bail outs, to begrudge a few shekels to those who have already paid their dues to making this country great is an insult.

And, no, the illegals are not getting social security. They are what is keeping it afloat. They work for years on the fake (or someone else’s) SS number, paying into a system from which they never collect. It’s one of the reasons this iniquitous system of modern day slavery is still allowed to exist.

CONCERNED MULTI-DISABLED INDIVIDUAL

August 24th, 2009
6:47 pm

I AM A MULTI-DISABLED INDIVIDUAL WITH A SERVICE CANINE. MY MEDICAL CONDITION HAS DETERIORATED OVER THE YEARS, EVEN HAVE A SERIOUS HEART PROBLEM NOW. MY MONTHLY INCOME IS SSI, WHICH COMPARED TO ACTUAL WAGES IN LIKE A PENNY IN A BUCKET. EVER SINCE I HEARD THAT THERE MIGHT NOT BE ANY COST OF LIVING INCREASES IN SOCIAL SECURITY, I HAVE BEEN IN A MOST STRESSFUL STATE. THE RENT WHERE I LIVE IS EXTREMELY HIGH, INCLUDING THE SURROUNDING NEIGHBORHOODS AND TOWNS. WORSE PART IS THAT THERE IS NO RENT CONTROL LAW IN THE STATE OF MARYLAND. BY THE TIME, THE FIFTH OF THE MONTH IS OVER, AFTER PAYING RENT AND FOR MUCH NEEDED BASIC SERVICES JUST TO SURVIVE, I AM IN THE MINUS ZERO DEGREES FINANCIALLY. AT THE END OF JANUARY 2010, MY LEASE WILL BE UP. I AM MORE THAN SURE THAT THE RENT WILL GO UP, BUT HOW AM I GOING TO PAY FOR IT WITH NO INCREASE IN SOCIAL SECURITY. I TRULY ANTICIPATE BEING OUT IN THE STREET (HOMELESS) WITH MY SERVICE DOG. JUST THE THOUGHT OF THAT MAKES MAKES ME CRY DAY AND NIGHT. WHILE I UNDERSTAND EVERYONE’S OPINION ON THE MATTER, MY GOD, I DID NOT ASK FOR THIS TO HAPPEN TO ME. THIS WAS NOT THE WAY I HAD ENVISIONED MY LIFE TO BE.

Mr. Godzilla

August 24th, 2009
8:01 pm

Do the liberal Dimocrats want to get re-elected?

daddy warbux

August 24th, 2009
8:29 pm

the answer is no they shouldnt. this is like a kid getting into the batters box and asking the ump for 4 strikes. the rules have been set now play by them. but the dems need to secure those votes so you know something will pass.

TnGelding

August 24th, 2009
10:14 pm

josef nix

August 24th, 2009
6:13 pm

Shh! Don’t air our dirty laundry!

Henry

August 24th, 2009
11:24 pm

As a disabled Veteran, our COLA is tied to SS. If SS doesn’t get one, neither will the veterans or the military. This has supported me over the last 10 years, since I was medically retired out of Active Duty.

Suzanne

August 28th, 2009
9:37 am

Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.

You see, Social Security benefits were not suitable for persons of their rare elevation in society. They felt they should have aspecial plan for themselves. So, many years ago they voted in their own benefit plan.

In more recent years, no congressperson has felt the need to change it. After all, it is a great plan..

For all practical purposes their plan works like this:

When they retire, they continue to draw the same pay until they die.
Except it may increase from time to time for cost of living adjustments…

For example, Senator Byrd and Congressman White and their wives may expect to draw $7, 800,000.00 (that’s Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275, 000..00 during the last years of their lives.
This is calculated on an average life span for each of those two Dignitaries.

Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.

Their cost for this excellent plan is $0.00. NADA!!! ZILCH!!!

This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;

“OUR TAX DOLLARS AT WORK”!

From our own Social Security Plan, which you and I pay (or have paid) into, every payday until we retire (which amount is matched by our employer), We can expect to get an average of
$1,000 per month after retirement.

Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator Bill Bradley’s benefits!

Social Security could be very good if only one small change were made.

That change would be to

Jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen.. Put them into the Social Security plan with the rest of us

Then sit back…..

And see how fast they would fix it!

If enough people receive this, maybe a seed of awareness will be planted and maybe good changes will evolve.

Suzanne

August 28th, 2009
9:41 am

There will be an increase this year but not for the next 2 yrs.. this is from the Social Security site

Monthly Social Security and Supplemental Security Income benefits for more than 55 million Americans will increase 5.8 percent in 2009, the Social Security Administration announced today.

Suzanne

August 28th, 2009
9:42 am

Monthly Social Security and Supplemental Security Income benefits for more than 55 million Americans will increase 5.8 percent in 2009, the Social Security Administration announced today.

Maary E. Wilkerson

February 24th, 2010
11:38 am

We need an increase. How do the persons that gives an increase think we can live of $600.00 or less a month. The $250.00 that you gave us was like a slap in the face, compared to the billions of dollars spent on wars. The money wasted on many other things.We have to pay the same price for bread and food as the rich. Why can’t we get a raise worth while. Like $250.00 on our check each month. And everyone that receives Social Security under $3,000 a month should get the maxium amount of food stamp for each person in the household.

Maary E. Wilkerson

February 24th, 2010
11:39 am

Enter your comments here