The President must make a public pledge to preserve the Cost of Living Adjustments (COLA) formula used to set Social Security benefits. With everything costing more, senior citizens who rely on Social Security incomes are are particularly vulnerable to increases in the cost of living. Social Security does not contribute one penny to the Federal deficit, and so must not be used as a bargaining chip in the Fiscal Cliff negotiations.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
