PILOT SPIN
Spin Zone => Spin Zone => Topic started by: EppyGA - White Christian Domestic Terrorist on October 13, 2021, 11:54:05 AM
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Social Security will go up 5.9%
https://www.cnbc.com/2021/10/13/social-security-cost-of-living-adjustment-will-be-5point9percent-in-2022.html (https://www.cnbc.com/2021/10/13/social-security-cost-of-living-adjustment-will-be-5point9percent-in-2022.html)
Meanwhile the U.S. saw more $4T in tax revenue for the first time ever.
https://wallstreetrebel.com/wsr/articles/us_sees_largest_revenue_surge_in_44_years/2021-10-13-13-14-26.html (https://wallstreetrebel.com/wsr/articles/us_sees_largest_revenue_surge_in_44_years/2021-10-13-13-14-26.html)
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Great!
Oh wait.........now that we have record inflation.................. :(
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We are in a current phase of hyper inflation yet the MEDIA is largely quiet about it. We all knew this was coming with the changes from a pro economy policy from the Trump Admin to an anti Freedom, anti free market, anti Capitalist, Pro National Socialism Admin. The Covid restrictions, horrible Energy Policy, higher tax rates, more taxes in general will do that.
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We are in a current phase of hyper inflation yet the MEDIA is largely quiet about it. We all knew this was coming with the changes from a pro economy policy from the Trump Admin to an anti Freedom, anti free market, anti Capitalist, Pro National Socialism Admin. The Covid restrictions, horrible Energy Policy, higher tax rates, more taxes in general will do that.
But when I discuss it with Dem friends, they all say it's all Trump's fault and Biden is trying to fix it. Just like it was Bush's fault during the Obama administration. Different partners, same song and dance.
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The COLA is a set formula. It's tied to the cost of living (aka inflation) and so you are right, a high COLA is not good news. It results from the ridiculous inflation Biden and the insane hysterical response to covid is causing.
You aren't getting anything more, because everything you buy costs more. And it is set for the year while inflation just keeps going up throughout the year.