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Sorry, We're Fresh Out Of COLA
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Recession Stuff: No cost of living adjustment for Social Security this year. Saw this coming. The only reason the payments aren't dropping is that they can't, by law (although some seniors will get hit if they have Medicare premiums deducted from their Social Security payments next year). Obama wants to make a one-time $250 payment to seniors, but the regular payments are staying where they are.
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