Are you a senior citizen or getting close to being one? Here are several ways that the government is picking your pockets:
The Treasury and the Obama administration have conspired to keep interest rates artificially low at 0.25 percent to save the banks and to reduce the interest paid for the $16 trillion (with a big T) national debt. The seniors are getting at best 0.50 percent on their savings, depriving them of much- needed income.
Medicare contributions taken from your Social Security check will increase to $120 per month in 2013 and $274 per month in 2014. After that, dollar increases in this contribution are exponential.
Fake statistics regarding inflation purposely keep the annual cost of living increases (COLA) on Social Security paychecks to a minimum.
While politicians of all stripes give themselves generous COLA increases every year, senior citizens get a pittance, if anything at all.
Obamacare took $500 billion out of Medicare to pay for the uninsured. The result will be lesser availability of services, more waiting and higher deductibles.
A vote for Barack Obama in November will put you closer to the poor house.
Jose Caubet
Lahaina
