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    Social Security COLA: How to Improve Accuracy and Stop Excess Spending

    Time for some simple math: Which poll will more accurately determine the effect of a change on a whole group—one that surveys three of 10 people, or one that surveys nine of 10? While this may seem like an easy question, the Social Security Administration (SSA) currently receives a failing … More

    Social Security Turns 78: What Was It Meant to Do?

    When President Franklin D. Roosevelt signed Social Security into law on August 14, 1935, he referred to it as “a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.” But today’s Social … More

    Social Security Benefits and Cost of Living: Protecting Against Inflation

    Adopting the chained CPI (Consumer Price Index) in Social Security to more accurately account for changes in the cost of living is a small first step toward fixing a broken program that is currently accelerating its own demise by paying excess benefits. Fifty-seven million Americans receive Social Security benefits, and … More

    Budgets in Comparison: Will President Obama’s Budget Save the American Dream?

    When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly passed a budget according to law. Never mind that the President’s budget is supposed to lead Washington budget discussions, rather than follow. The key question … More

    Three Reasons for Social Security to Use Chained CPI

    During last week’s vote-a-rama in the Senate, Senator Bernie Sanders (I–VT) intended to put Senators from both parties on the record for opposing the adoption of a more accurate and less inflationary measure of calculating cost of living adjustments (COLA) in Social Security: the chained Consumer Price Index (CPI). Chained … More

    Social Security's COLA Needs to Be More Accurate

    Any budget agreement should include an improvement of the accuracy of Social Security’s annual cost-of-living allowance (COLA) payments. Press reports say this is now on the table. COLAs are designed to protect retirees against inflation eroding the value of their benefits, but the index used to calculate those payments is … More

    Pelosi Proposes Seniors Subsidy to 'Replace' the 2011 Social Security COLA

    Today’s announcement that Social Security recipients will not receive a cost-of-living adjustment (COLA) again in 2011 brought an immediate reaction from House Speaker Nancy Pelosi (D–CA). She proposed that the lame duck Congress vote on giving seniors another $250 one-time payment supposedly to replace the COLA. This seemingly altruistic gesture … More