It's another year of dog food for Grandma, as Social Security beneficiaries are once again receiving no cost-of-living increase for the upcoming year.
Congress says this is because there has been no (whoosh...whoosh) inflation this year. That appears to be a lie, for CEO's of America's 350 biggest corporations received a 3.9% raise in their salaries - which is reminiscent of the stagflation of the 1990s and 2000s.
But the legendary Sen. Elizabeth Warren (D-Massachusetts) wants to correct this high-handed larceny. Warren has filed a bill called the Seniors and Veterans Emergency Benefits Act that would increase Social Security and veterans' benefits by 3.9% - and pay for it by taxing these rich CEO's. It would provide a onetime benefit of an extra $580 to each person on Social Security.
The bad news is that Republicans will obstruct this much-needed bill. Why wouldn't they? It's clear there's no electoral consequences, no matter how unpopular their actions are. Which is why these traitors need to be toppled in a coup.
(Source: http://www.occupydemocrats.com/warren-files-bill-to-make-ceos-pay-for-seniors-stolen-cost-of-living-increase)
Friday, November 6, 2015
Bill would require zillionaires to fund Social Security raise
Posted by Bandit at 11:41 AM