no cola adjustments; it's either a reverse mortgage or catfood

but on the other side, this is the same constituency the government is catering to when it comes to re-inflating real estate and financial assets (stocks, fixed income, ...). wish they would let prices collapse and the mkt clear, but hey, they vote, so they have to be seen doing something.

instead of COLA's the SS checks should have adjustments based on wage increases so that ability to pay for entitlements is better reflected.

makes me sick to my stomach...we bail out greedy rich banks but take away from elderly...sickening.

Time to try trickle up economics.

Scary thing is the powers that be(in gov't) really do believe Goldman Sachs( or your favorite mega-institution) is so important to the exclusion of everything else or anyone else....

"really do believe Goldman Sachs( or your favorite mega-institution) is so important to the exclusion of everything else or anyone else...."

i don't personally believe that the bail outs are a good idea. but neither the 1000 times ponzi scheme (ss+medicare) is. the young already went through the housing ponzi, now the unfunded entitlements and unfunded pensions ponzi? men... it's seems like a joke. pretty soon young americans might end up like young japanese or young koreans, overwhelmed and with no hope for their future.

www.pgpf.org

for all of you that might be interested (and specially those that have young kids), finally a non profit dedicated to shore up the dismal fiscal picture of usa. the great david walker is the ceo.

also watch www.iousathemovie.com

"1000 times ponzi scheme (ss+medicare) is. "

sorry, i meant the ponzi that's 1,000 as big as madoff's.

hey Riversider,

do you think it's possible for the government to ask those retirees with assets and income above certain threshold to foot part of the bill to help those retirees that are in most need? sort of an intra generational transfer to complement the inter generational transfer that cannot possible pay all the benefits retirees are expecting (medicare already in red and ss is having it's first months in red too, as the baby boomers just start retiring).

those wealthy retirees are much less in number (but still, with relevant amount of assets), so their vote really doesn't matter when compared to the vote of those retirees that 100% depend on government handouts.