Social Security Makes the Call: No 2010 COLA

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that a past-tense measure of the consumer price index cannot detect ACTUAL inflation that is occurring in 2009 on an unprecedented scale due to the Federal Reserve and Treasury printing money at this moment on an unprecedented scale.

Look at the dollar against gold, commodities and other currencies. The CPI is a hoax to begin with, and it's an even worse hoax on elderly people.

Grandma's new CDs earn little to nothing while Goldman Sachs rakes in billions from "trading" and billions more in inflation dollars from you, the taxpayer. Who's getting swindled by the "crisis"?

Muser of NM 1:13PM October 15, 2009

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The Best Life

Philip Moeller, contributing editor for U.S. News Money, writes about achieving success and happiness in older age. He also is a research fellow at the Sloan Center on Aging & Work at Boston College.

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