Democratic Party News - Our Democratic Party Congress will not allow an increase in the social security cost of living adjustment.
3. December 2009 by Democratic Party News - The News of the Democratic Party.
For the first time in history, the Congress will not allow an increase in the social security cost of living adjustment.
In fact, The Henry J. Kaiser Family Foundation predicts there may not be any cost of living adjustment for the next three years.
It shoiuld be further noted, our President Obama recently approved a 2% salary increase for all federal employees effective January 1, 2010. Members of the executive, legislative and judicial branch are due for an automatic pay increase in January as well.
All this on the backs of seniors who will NOT incur any cost of living adjustment increases for several years.