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Readers speak on Social Security

By Jennie L. Phipps ·
Tuesday, November 12, 2013
Posted: 3 pm ET

The announcement that Social Security's 2014 cost of living adjustment, or COLA, will be 1.5 percent generated about 50 comments on the retirement planning blog on this topic. Many of them were angry assertions that the government has mismanaged Social Security. In other cases, the commenter misunderstood the facts. Here is a round-up of more thoughtful opinions. You might not agree with what they have to say, but they say it well.


"Government gives us a big raise of 1.5 percent. That is BS. Where do they go shopping for food? I live on my Social Security, which is low, so I am considered poor. What does government do? It lowers food stamps. Can the big shots live on this amount? It's time for all Americans to run these thieves out of town."


"I am just scared. At 78, I rely on every penny, and I feel I am at the mercy of the government. I don't believe I can do anything about it. It is just a very stressful time."


"I worked and paid into the Social Security Fund almost 45 years. As a retiree, Social Security represents the major part of my income. I would gladly 'make do' without any increase if it would help our country to become solvent. Our greatest need is for government to stop excessive spending and focus on growing the economy, which would create jobs so able-bodied people could be working to support their families and paying taxes. My greatest concern is that future generations will have to live on much less as they pay for the problems we've created. Hopefully, someday problems will be solved by working together without regard to political views."

End the Ponzi scheme:

"Stop calling Social Security a retirement plan. It's not. It's a backstop to prevent the elderly from starving. If you really don't plan for your retirement, why should I have to support your 'lifestyle' in retirement? It's outright theft if you increase the tax with no comparable benefit increase."


"Well, a little bit of something is better than a whole lot of nothing. I'm thankful for the extra $19 a month."

What do you think about Social Security and the 1.5 percent 2014 cost of living adjustment?

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December 11, 2013 at 5:59 am

the president of the good u.s.a. need to be made to live on what we get a month

L.B. Hartley
November 17, 2013 at 4:49 pm

I like the way that you take off certain opinions. I expressed the same ones as others on this blog. I don't see my post anywhere.

Thanks a lot. I guess I do not have the same rights as others do. That is just how the government treats seniors.

November 17, 2013 at 3:35 pm

I recieved SSI about 2 years ago. I got 800.00 a mont, snce SS says i owe them 2800.00$ so tey take 400.00 amonth from my check. I am nit fussing just leting the vent out.:)

November 16, 2013 at 10:16 am

I PAID for SS. The Politicians STOLE it!We elect incompetent liars, and thieves to office. Think SS is bad? Wait until O'Bama care kicks in fully.

Jolayne Eastman
November 16, 2013 at 6:41 am

I think it is always useless to tell us what the annual increase is without telling us how much more Medicare will take out of the check. It often puts us receiving less than we did the year before.

November 15, 2013 at 2:30 pm

1.5% raise is generous. There are people that have not had raises in years. The two or three years I have had a 1% increase. My health insurance has been 7.5%, 22%, and 11% increases. Plus this does not include food, gas, utilities. Seniors should be grateful, and not complaining. You can always go out and get a job to make ends meet?!? I have had to cut back, and I have limited my groceries to $30.00 at the least and $60.00 at the most a month. The Food Stamp needed to be cut back, as there was way too much abuse and excessiveness. When you have to cut back, you would be amazed at how much you can really do without!

Tom lofback
November 15, 2013 at 9:26 am

I am drawing social security---thru no faulf of my own my investments wend down the tube-one cause when blue cross no claimed me for several hundred thousand dollars..i was self employed--paid in both shares of soc sec---folks i get $450 o month after medicare and supplimental insurance and my medical bills are $500 a month and i am semi security dont and wont work with 3 ppl paying in to every1 that lives 15 yrs longer than projected in the 30s...It HAS to be cut--sorry but the governemt is totally bankrupt totally the soc sec funds are inversted in us treasury bill and the federal reserve been printing fake money--over 6 trillion the last 5 yrs to pay interest---dang it hurts but sociaal security benifits have to be cut...I would woory more about the difficult times in the next 2 yrs because the world in sept took the us dollar off as the world currency--so dollars have no value face reality---pensions soc sec they are going to be cut be 30 to 40 percent--this is NOT opinion this is fact---the usa is totally broke prepare--the world will go on but get ready for the cuts they are comming--no other option NONE

J. Davis
November 14, 2013 at 7:01 pm

I agree with Jim Put Congress Back into the Social Security Plan.

Jean Esposito
November 14, 2013 at 10:29 am

I hear so much about how Social Security is going broke. I get angry when I hear it called an "entitlement" program. Do you know how many years the government forced us old people to pay into the system? We didn't have a choice. I'm part of the "between" generation - who had a period of time where I was helping my children and my parents. Selling our home and downsizing to help when we retired? Forget that, the bottom dropped out of housing and it was not pretty. They continually raise what they withhold for social security - they need the $$. Well, I think it is way past time that every time they talk about this subject, someone brings up the fact that China isn't the US's biggest creditor - it's Social Security. So why are we going broke if the government owes us so much money?

November 14, 2013 at 9:43 am

The best way to fix Social Security is to take away Congress's elite retirement plan that they voted for themselves and put them back into the Social Security system like the rest of us. Then sit back and watch how fast it get fixed.