It was reported on Yahoo News on Sunday that "the government is expected to announce this week that more than 58 million Social Security recipients will go through another year without an increase in their monthly benefits." This represents the second consecutive year with no cost-of-living increase and is based on some arcane government formula that insists there is no measurable inflation.
Speaking of the topic of inflation, there was a repost at RealityZone of an article entitled, "10 Reasons Why You Are About To Really Start Feeling The Squeeze". It documents, among other things, how fuel, groceries and health care costs continue to rise at alarming rates, while average income is decreasing. So, if costs continue to go up, how can the government state there is no inflation?
While average Americans continue to struggle, "financial institutions on Wall Street are preparing to pay a record 144 billion dollars in compensation and benefits, according to a study published Tuesday in the Wall Street Journal." Yes, many of the companies that received taxpayer-fueled bailouts are now reaping benefits that they have decided to keep in-house rather than spend it on such novel ideas as price reductions or job creation.
If you would like to learn what these corporations are doing with their piles of cash, here's a good explanation from A World of Progress.
Speaking of the topic of inflation, there was a repost at RealityZone of an article entitled, "10 Reasons Why You Are About To Really Start Feeling The Squeeze". It documents, among other things, how fuel, groceries and health care costs continue to rise at alarming rates, while average income is decreasing. So, if costs continue to go up, how can the government state there is no inflation?
While average Americans continue to struggle, "financial institutions on Wall Street are preparing to pay a record 144 billion dollars in compensation and benefits, according to a study published Tuesday in the Wall Street Journal." Yes, many of the companies that received taxpayer-fueled bailouts are now reaping benefits that they have decided to keep in-house rather than spend it on such novel ideas as price reductions or job creation.
If you would like to learn what these corporations are doing with their piles of cash, here's a good explanation from A World of Progress.
No comments:
Post a Comment
Comments are unmoderated, so you can write whatever you want.