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Tuesday, October 19, 2024
Social Security Boost

By Dr. Steven Taylor @ 12:36 pm

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!.

Filed under: US Politics: 2004 Campaign

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