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Does the Social Security “COLA” Overpay Seniors? Deficit Cutters

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Does the Social Security “COLA” Overpay Seniors? Deficit Cutters page 2 ..................Opinion The 4th And Summer! page 15................Senior Safety page 4 ..........................Weird News page 8............SRDA Menu page 5..................Health May The Clouds Never Burst & page 9.............Finances page 19...............Social Security & You page 5..........Fremont/Salida Menu page 26...........Light for the Journey The Son Always Find You! page 16...............Travel SeniorIF YOU ARE 50 OR OLDER YOUBeacon SHOULD READ IT!! SB Vol. 29: No. 12 Established Aug., 1982 348 Consecutive Months! JUlY, 2011 Does The Social Security “COLA” Overpay Seniors? Deficit Cutters Say “COLAS” Need A Trim Alexandria, VA (June 14, 2011) would be about $118 lower than they make seniors pay a bigger share of their Cost-of-living-adjustments (COLAs) would receive using the current COLA Medicare, and reducing government are “overpaying” Social Security re- methodology,” Hyland says. Medicaid payments at the same time,” cipients, and the government needs to COLAs are intended to protect he adds. switch to an “improved” method of the buying power of Social Security The savings to the government measuring inflation that will give them benefits against rising inflation. A new for switching to the more slowly-grow- a “small trim”. That’s what deficit ne- study recently released by TSCL found, ing CPI compound over time, and are gotiators from both sides of the aisle however, that the CPI used to calculate substantial. The Congressional Budget are saying in making the case for the COLAs today only does an anemic job Office estimates that the change would government to switch to a more slowly- of protecting benefits as it is. Since cut COLAs by $112 billion from 2012 - growing Consumer Price Index (CPI) 2000, the COLA has increased just 31 2021 alone and, if used in other federal by visiting TSCL on the web at www. for calculating the annual Social Secu- percent, while typical seniors’ expenses retirement programs and for indexing SeniorsLeague.org. rity boost. jumped 73 percent, more than twice as taxes as well, would reduce deficits by But it’s no “small change,” fast. about $300 billion over the next decade, With over 1 million supporters, The Senior Citizens League is one of the warns The Senior Citizens League “It’s outrageous to say that CO- including reduced interest on the debt. nation’s largest nonpartisan seniors (TSCL), one of the nation’s largest non- LAs overpay seniors and the disabled,” TSCL is gearing up to fight leg- groups. Located just outside Washington, partisan seniors groups. In fact, it could Hyland says. “To the contrary, COLAs islation that would cut the current rate of D.C., its mission is to promote and assist reduce lifetime Social Security benefits already grow too slowly to provide the COLA growth. “People who depend on members and supporters, to educate and by tens of thousands of dollars over a protection to Social Security benefits Social Security need a COLA that more alert senior citizens about their rights and retirement. they’re intended to,” he points out. adequately protects the buying power freedoms as U.S. Citizens, and to protect “If Congress adopts the more The majority of seniors aged of their benefits,” says Hyland. TSCL and defend the benefits senior citizens slowly-growing “chained” CPI to calcu- 65 who get Social Security depend on it believes seniors would receive higher have earned and paid for. The Senior late COLAs, that would cut the growth for at least 50 percent of their income. and more adequate benefits by using Citizens League is a proud affiliate of The in average benefits, about $1,100 per Average benefits today only total about an index that more closely tracks sen- Retired Enlisted Association. Please visit month today, by about $13,742 over a $13,200 a year. ior spending, like the Consumer Price www.SeniorsLeague.org or call 1-800- 333-8725 for more information. 25-year retirement,” states Larry Hy- “Switching to a more slowly Index for the Elderly (CPI-E). TSCL land, Chairman of TSCL. The benefit growing CPI is not the only change af- supports The Consumer Price Index for Distributed by The Senior Exchange, Inc. reductions compound over time, hitting fecting seniors that deficit negotiators Elderly Consumers (CPI-E) Act, H.R. Serving The Mature American With the oldest the hardest. “By the time age are looking at,” notes Hyland. “Mem- 798 introduced by Rep. Peter DeFazio Timely, Low-Cost, Self-Help Information 62 retirees with average benefits today bers of Congress from both parties are (OR-4), and H.R.456 introduced by reach age 84, their monthly benefits already considering changes that would Charles Gonzalez (TX-20). Learn more Historical Society: ‘Pikes Peak Pastel Society’ Exhibit by Kathleen Eriksen Wednesday, to learn about the history register. “El Pueblo Trading Post Open on The “Pikes Peak Pastel Soci- of the Pueblo region beginning with “History and Art Mix Workshop for Saturdays!” ety” fine art exhibit in the museum’s the American Indians and continuing Kids II” Each Saturday 10:00 a.m. to High Vista Gallery opens July 1, Fri- through to the Flood of 1921. An origi- Become a history detective and 3:30 p.m., visitors may explore the day, through August 27, Saturday, dur- nal Oratorio, written and composed by explore the museum, then complete a adobe post’s six period rooms and in- ing regular museum hours of Tuesday noted playwright, composer Daniel Val- corresponding folk-art piece each day teract with living history interpreters as through Saturday, 10:00 a.m. to 4:00 dez, it tells the diverse and compelling with retired school teachers Judi Brown they go about their daily chores on the p.m. Members of the Pikes Peak Pastel stories of Pueblo’s past through song, and Phyllis Keas. The workshop with frontier. Admission is free for children Society will present their works, show- narration, vignettes and historical im- new projects from its Spring Workshop 12 years old and under, $5 for adults, casing the soft and sometimes vivid ages. New videos and historical images is for children 8 to 13 years of age. Cost $4 for senior citizens and students. Paid colors of chalk and oil pastels in land- further enhance the visual experience is $25 for the week which includes sup- admission also includes the museum scapes, still lifes and portraits. Admis- along with new musical equipment that plies or $6 each day. Call the museum to galleries with their new interactive ex- sion is free to the gallery. July 1, from highlights the poignant musical score register or for low-income assistance. hibits. 5:00 p.m. to 7:00 p.m. a reception will performed by El Pueblo Ensemble. be held; the public is welcome. The concert is at the Rawlings Library “Summer Art Camp for Kids” Info Zone Museum. Doors open at 6:00 Using Tech Communication The “Summer Art Camp for p.m., concert is at 7:00 p.m. Tickets are (NAPSI)—There’s good news for older adults Kids” begins July 11, Monday through $15. Contact the museum for more in- who want to learn more about e-mailing, using social July 22, Friday, from 9:30 a.m. to 11:30 formation, 583-0453. media and text messaging. There’s a resource that can a.m. The two-week, Monday through “Historic Pueblo Workshop: Analyz- help introduce them to these technologies. Friday, workshop will have children 8 ing Photos to Inspire Creativity” A new brochure—“Staying Connected: Tech- to 14 years of age learning to draw and You can read about historic nology Options for Older Adults”—is available from use various art mediums and techniques downtown Pueblo, but have you ever the Eldercare Locator. It is designed to help older adults with instructor and artist Starr Miller. “read” a photograph to learn about Pue- learn about new methods for staying connected with Following the workshop, the children’s blo’s past? In this workshop on July 28, family and friends. The brochure includes tips on using these communica- artwork will be displayed in the mu- Thursday, from 1:00 p.m. to 2:30 p.m., tion tools, getting started as well as privacy and safety information. seum. Starr Miller is a member of the we will study and analyze historic Pue- Colorado, Pikes Peak and New Mexico blo photographs, and then we will put The Internet, cell phones and other new technologies enable people Pastel Societies. Tuition of $60 includes ourselves “into” the photo and imagine of all ages to communicate more quickly than ever before. While younger all supplies. Low-income students may what it might have been like to live in people are often seen as the “experts” with these new tools, many old- apply for a discount by calling the mu- the past. The descriptive words that er adults utilize e-mail, social media and cell phones to communicate as seum. To register, call 583-0453. come to mind will be our inspiration to well. “Song of Pueblo” Concert create a short and easy “History Haiku” To receive a free copy of the brochure, call the Eldercare Locator at It’s the 2011 “Song of Pue- poem. Please bring a magnifying glass (800) 677-1116. A copy of the brochure can also be downloaded from the blo” concert season. Join us on July 20, or loop. Cost is $5, call the museum to Resources section of www.eldercare.gov. Page 2 - Senior Beacon - July, 2011 Visit Us at http:// www.seniorbeacon.info Just Another Day At The Races by James R. Grasso, Chief Cook & Bottle Washer know why? Social Security simply has no money to continue paying retirees Observations From The Cave because our inept “leaders” WILL NOT make the tough decisions.
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