Hi Folks,
Those of you who are regular readers of this blog know that I generally stick to the “positive side” of things. I believe there is more than enough negative talk out there without my adding more however I just received an email with, what I consider, negaitive news that I feel I should pass along to you:
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 COLA increases for several years.
For the first time in history, the Congress will not allow an increase in the social security COLA (cost of living adjustment). In fact, The Henry J. Kaiser Family Foundation predicts there may not be any COLA for the next three years. However, the per person monthly Medicare insurance premium will be increased from the 2009 premium of $96.40 to $104.20 in 2010 and to $120.20 for the year 2011.
There is a whole lot I could say about this but I’ll leave you to your own thoughts and the time to write your senator.
Woody
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