Wall Street Banks DeFrauding the People with MERS AND U.S. Government DeFrauding the People - NO Inflation/ Living Expense Increase for Social Security Recipents for 2nd Year - YET Congress and Senate RAISES Their Pay for Living Expense Increase!

NO Inflation/ Living Expense Increase for Social Security Recipents for 2nd Year - YET Congress and Senate RAISES Their Pay for Living Expense Increase!

I had posted about the Government Officials Raising their own salaries, while those on Social Security were Screwed last year due to not getting an inflation adjusted increase.  BUT I never dreamed that once again the government would NOT increase the social security for those who NEED it the most!  I am sickened with what is happening!  How is it, THE PEOPLE don't get an increase for the cost of living YET the Government officials do?!  What criteria is Used for Social Security and for the Government officials?  Because it sure does seem - DIFFERENT Criteria must be used for the People to be Getting Screwed and the Government elected officials getting the Cake and eating it too!

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The cost-of-living adjustments, or COLAs, are automatically set each year by an inflation measure that was adopted by Congress back in the 1970s. Based on inflation so far this year, the trustees who oversee Social Security project there will be no COLA for 2011. 

The projection will be made official on Friday, when the Bureau of Labor Statistics releases inflation estimates for September. The timing couldn't be worse for Democrats as they approach an election in which they are in danger of losing their House majority, and possibly their Senate majority as well.

"While people aren't getting COLAs they certainly feel like they're falling further and further behind, particularly in this economy," said David Certner, AARP's legislative policy director. "People are very reliant on Social Security as a major portion of their income and, quite frankly, they have counted on the COLA over the years.