crazy connie
Thinks s/he gets paid by the post
- Joined
- Feb 1, 2006
- Messages
- 1,183
I wonder what the impact of Cap & Trade and all the new taxes (which will not hit anyone making less than $250K) will be on SS COLA's and pensions which have COLA's. Iwonder if SSA has figured these in yet (which I doubt they can before the are on the books)?
I know that for me, my utility costs are the largest fixed budget expense item other than the house payment. When I add in the projected 100% increase in utilities and potentially 100% plus on gasoline as well as say a 20% increase on spending to pay for the increased costs of the transportation & energy at my grocery store and pharmacy we are talking really big bucks.
The impacts on SS and pensions will be enormous. The impact to the subsidized housing allowances will have to rise as will the financial aid which is income based. Our communities will have increased energy expenses and will be looking to increase property taxes, as well as our institutions of higher learning increasing tuition.
It may well be the snowball from hell and forcing many across the nation to seek public assistance for the 1st time in their life.
I know that for me, my utility costs are the largest fixed budget expense item other than the house payment. When I add in the projected 100% increase in utilities and potentially 100% plus on gasoline as well as say a 20% increase on spending to pay for the increased costs of the transportation & energy at my grocery store and pharmacy we are talking really big bucks.
The impacts on SS and pensions will be enormous. The impact to the subsidized housing allowances will have to rise as will the financial aid which is income based. Our communities will have increased energy expenses and will be looking to increase property taxes, as well as our institutions of higher learning increasing tuition.
It may well be the snowball from hell and forcing many across the nation to seek public assistance for the 1st time in their life.
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