Ron Paul on Bloomberg

Something he said about Social Security and inflation. We did not get a cost-of-living increase this year did we? Have you heard why?

I guess the answer is, it depends.

Social Security Announces 1.7 Percent Benefit Increase for 2013

Tuesday, October 16, 2012

Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 62 million Americans will increase 1.7 percent in 2013, the Social Security Administration announced today.

The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that more than 56 million Social Security beneficiaries receive in January 2013. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2012.

Some other changes that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $113,700 from $110,100. Of the estimated 163 million workers who will pay Social Security taxes in 2013, nearly 10 million will pay higher taxes as a result of the increase in the taxable maximum.

Information about Medicare changes for 2013, when announced, will be available at www.Medicare.gov. For some beneficiaries, their Social Security increase may be partially or completely offset by increases in Medicare premiums.

The Social Security Act provides for how the COLA is calculated. To read more, please visit www.socialsecurity.gov/cola.

http://www.ssa.gov/pressoffice/pr/2013cola...

Now the last thing I wanted was for you to lose any sleep. Doctor tomorrow and I will expect a full report, lol! Let's compare notes tomorrow, I have a few questions about this myself.

...STILL FALLYS UNDER 'CONGRESS' LOL!!!(S-M-I-L-E)

IN ONE WHACK THEY TOOK $300 FROM MY SO CHECK TOPAY FOR MY MEDICARE THIS MONTH AS COST O PREMIUM PAY...HAVE TEHEY EXPLAINED...HELL NO AS THEYARE ONLY SYING GO TO THIS NUMBER AS WE DID NOT DO IT... I AMNOT IN A MOOD RIGHT NOW IT SEEM THEY NOW HAVE A NEW INSURANCE TAHT NO ONE KNOWS HOW IT WORKS YET????...BEING ME, I KNOU I MIST NOT LET IT BUILD UP TOO LONG OR I WILL BE IN THOISE LOWER FOUR WORDS READY TO FROCE THEM OF THE COUMPTERS AND USE BRAIN POWER...BUT I MUST TRY AND GET BETTER FIRST...SO I WILL CONTINUE O CAHNT OVER IT AND GET GUDIENCE FORM MY SENIOR AND BY THAN THEIR SHOULD HAVE THEIR COMPUTERES UP TO EXPLAIN WHAT IN THE HELL HAPPENED, HERE. (SMILE)LEADERS ON THE MATTER..

I GOT A $20 DOST OF LLIVING BUT 20 THEN LOOSE 300 MAKES NO LOGICAL SENSE T ME...AND MY MEDS JUST WENT UP A FEW DOLLARA...MY AMBIAN JUST WENT UP $3.20 FROM THE LAST REFILL...THEY WILL GET IT TOGATHER...SOON??? (SMILE)