1:37 pm, April 18, 2014

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  • A Lot Worse Could (can still happen)
    Kenny Ray
    While the chained cola is bad, it is not devastaing. If you think "losing" 0.3 percent is bad, let me give you a much worse scenario. Can you spell VOUCHER? I am much more concerned about my health care premiums skyrocketing. If the chained cola will keep vouchers off the table, I'm all for it. Of course we all no when it comes to fed benefits and pay, nothing is ever off the table.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Chain of fools
    contrarian
    What's the difference between diet colas and chained colas? I'm guessing you're talking cuts either way. In this era of supposed low inflation the fools are trying to fool us fools into taking cuts. Yeah, we're being fooled alright.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Difference between diet and chained
    Moderate
    You will get the diet cola when you retire as of present law. The colas are as follows. CSRS gets the COLA one year after a CSRS retirees retires get COLAs based on the change in CPI. FERS retirees wait until age 62 and get a catchup COLA from the time they retire until age 62. I believe, but am not sure, that this COLA is CPI minus 1% per year for each year CPI exceeds 3%. If the COLA is between 2 and 3% FERS retirees will get 2%. If the COLA is 2% or less, then both FERS and CSRS employees get the same COLA. This COLA continues for the rest of your life and your survivor's life (spouse) I do not know how other survivors work.----The chained COLA reduces your COLA by substituting lower priced items for higher priced items (chicken in place of beef) if people switch due to the price of the higher priced items. While not technical, this gives you an idea of the differences. Hope it "helps".
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • With you Kennt
    Linda
    I am with you Kenny Ray, I am more concerned about a voucher system for Health Insurance and Medicare. I just look at the private sector. People get a medical/benefits Teimbursement plan they can use on Health Insurance, Day Care and a couple other items. Well that number is fixed. When you start it covers 100% of you Health Care Premium, not any more. Now you pay part of the premium and that part continues to rise. Oh, the government says they will adjust to inflation, well we all know how well they adjust!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Why Choices?
    Moderate
    I will not have a choice if it is adopted, but the chained method is another way to stick it to us. This one is over time and will add up to a very large figure. The measurement of inflation is already low as it does not reflect medical costs for seniors properly. As for thretening vouchers, I am tired of hearing about stinking choices. We have already given sacrificed since the Reagan years. The evil(Rob's term) wealthy have not. They should be sacrificing more.----I agree with you Linda about the adjustment for inflation. Medical inflation is much higher than CPI inflation. Yet they will adjust the vouchers for CPI inflation
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • There are worse things
    Budgetweenie
    I imagine the rate of inflation over time will slow, which I believe is a very good thing. Less disposable income should get that result. (i.e., diminished demand). Conversely, there is a degree of truth to us changing our spending habits if something should cost more than we care to pay. (Supply and demand). There exists the unfortunate reality that, as others have pointed out, that some things are just inelastic and we'll need to pay whatever the price. When that occurs, someone has to step in and ask why. An example is gasoline prices. We grumbled but paid over $4/gal. We did become more selective in when we drove. So, if we ended up with $50K less over a lifetime, how exactly, would we know. with certainty. how our lives were ruined? I believe the vast majority would capably manage, and those that could not, would also not even with the additional $50K. If healthcare costs become unaffordable for the majority, something will likely be done to resolve it. The chickens are coming home to roost, but if necessary, we will be having chicken soup.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • No penalty for lowering the lifestyle
    Moderate
    Yes, but we should be the ones who decide to lower our lifestyle without being penalized by the government.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • The are all no good
    PAULE
    Here is another formula that think will keep increases down like the current one. Let see in a few years what they think when it does not.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }