Via the AP we read: Social Security Gets 2.7 Percent Boost
More than 47 million Americans receiving Social Security will get a 2.7 percent increase – an extra $25, on average – in their monthly checks next year, but much of the increase will be eaten up by higher Medicare premiums. The Social Security Administration announced the cost-of-living adjustment Tuesday, and the increase will start showing up in checks in January.
Funny, that’s not what John Kerry was claiming just last weekend. According to the NYT: Kerry Goes Beyond Some of Bush Positions
On Social Security, Mr. Kerry said over the weekend that Mr. Bush planned a “January surprise” that could cost retirees up to 45 percent of their monthly checks.
That is shameless pandering and political scaremongering.
This was also noted at The Astute Blogger!.