No COLA this year for social security recipients. This also means high earners gathering over $106,800/year won't have their deduction increased for the second year. The annual Pentagon budget remains higher than SSI expenditures. We are spending $6.7 billion a month in Afghanistan and $5.5 billion in Iraq. The average SSI check is $1,040.00 a month. 58.7 million Americans receive social security. President Obama and his economic crew are mulling over cuts to SSI. Not much mulling over defense spending cuts; Congress's most divine of sacred cows, in fact some Congressmen are hollering about how defense spending increases save the taxpayers money. Or is there a confrontation in the near future?
Friday, October 15, 2010
Mo' Money and No Mo' Money
No COLA this year for social security recipients. This also means high earners gathering over $106,800/year won't have their deduction increased for the second year. The annual Pentagon budget remains higher than SSI expenditures. We are spending $6.7 billion a month in Afghanistan and $5.5 billion in Iraq. The average SSI check is $1,040.00 a month. 58.7 million Americans receive social security. President Obama and his economic crew are mulling over cuts to SSI. Not much mulling over defense spending cuts; Congress's most divine of sacred cows, in fact some Congressmen are hollering about how defense spending increases save the taxpayers money. Or is there a confrontation in the near future?
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