Itís Your Money > Social Security and Pensions

Re: 2022 COLA

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Gray Wolf:
It has been confirmed that the COLA for 2022 will be 5.9%

MotorSarge:
That's a good thing...but its not enough to cover the damages that Sleepy Joe is causing!!


--- Quote from: Gray Wolf on October 21, 2021, 11:21:11 PM ---It has been confirmed that the COLA for 2022 will be 5.9%

--- End quote ---

JoeLP:

--- Quote from: MotorSarge on October 21, 2021, 11:50:43 PM ---That's a good thing...but its not enough to cover the damages that Sleepy Joe is causing!!

--- End quote ---
I hear you.  My parents talked often about the inflation and s*** in the Carter and early Reagan years.  My grand parents made the same statements you made concerning the damage done is worse than the COLA increases given.  What turned out nice for them was the late 80's into most of the 90's, those raises from a decade plus prior really helped out(at least until they passed in the late 90's). 
I'm wondering if the same will be true here.  Will the raises this year(and probably the next couple-few years) be a gift if the economy can be calmed down and inflation stopped or slowed down to a trickle over the following 10 years or so. 
I think most have already accepted that dems are done as of next year, even as then many of the dems that were in dem controlled areas are retiring(I think the number is up to over  10 now in the house alone and we're over a year away from election) as well as all the polls showing a huge red wave.  Which basically means, nothing will happen as the GOP lack a spine to do something.  But, nothing is usually better than something when it comes to the federal government.

lost_in_samoa:

--- Quote from: JoeLP on October 22, 2021, 06:06:58 AM ---I'm wondering if the same will be true here.
--- End quote ---

This time in there is no Volker to rescue the currency.   More importantly there is no will to do so.

Gray Wolf:

--- Quote from: MotorSarge on October 21, 2021, 11:50:43 PM ---That's a good thing...but its not enough to cover the damages that Sleepy Joe is causing!!

--- End quote ---

I'm concerned about the damage Creepy Joe is doing that will have lasting effects
#LetsGoBrandon #FJB

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