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You wouldn’t think eating would be a required activity if
you examined the recent changes in Social Security payments senior citizens
receive. Government leaders have always played fast and loose with the rules
regarding SS. The way it was set up would have guaranteed that the programs
would have ample funding for many generations to come. Raiding the funds has
become another politician’s game to finance a multitude of programs that have
nothing to do with the original intentions of the program. Recently, they have
manipulated the statistics allowing yearly increases to fall far behind the
cost of inflation. Increases are based on a confusing concept known as the ‘market
basket.’ The market basket is a collection of commodities and services
consumers need. It is where we spend most of our money. The market basket is
comprised of seven major areas; food and beverages, housing, apparel and
upkeep, transportation, medical care, and entertainment. These commodities are
broken down into 69 other groupings consisting of 184 different items. The
justification for keeping the increases small is the idea that seniors no
longer consume these goods at the rate of the younger generation. Reality
presents a different picture. Inflation has gone up over one-hundred percent in
the last ten years, while social security payments have risen around 30%. Some
items, like gasoline and heating fuel, have increased as much as 150%. Health
insurance payments increase each year as you get older, and don’t forget about
the groceries. On a recent trip to the grocery store where I shop, I was
surprised to find that most meat and meat products had doubled since the
previous week, with fresh fruits and vegetables showing an increase of around
25%.