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Social Security represents America's promise that after a lifetime of hard work and paying into the system, senior citizens have earned greater financial security in their golden years, free from abject poverty. Americans expect that when their leaders give their word, they keep it..The base Medicare Part B premium that covers doctors and hospital outpatient services increased .00 in 201Overall healthcare costs are forecast to rise 7.5% this year - more than four times the amount of the COLA increase..In 1977 Social Security was going bankrupt because of a flawed benefit formula that raised benefits too quickly. That year Congress passed legislation which changed the way benefits were calculated starting with retirees who were born in 1917 and became eligible for benefits in 197The changes were major and the transition between the old and new method of calculating benefits did not work as anticipated..Center for Disease Control says Face Coverings Remain Key.This week, one House subcommittee met to discuss the Social Security benefits of public servants like teachers, police officers, and firefighters. In addition, The Senior Citizens League announced its support for one new bill..Either way, you will need to consider how well your income, including Social Security, retirement savings, pension and other income will allow you to sustain mortgage payments over the refinancing periods. It's also helpful to use realistic budget expenses. That means estimating how taxes will reduce your Social Security and retirement income, and factoring in a realistic growth rate for medical expenses of at least 10% or more each year, to account for both rising prices and the greater need for services as we age..Some agree with the President's stimulative plans, however, many on Capitol Hill have aggressively opposed the extension. House Budget Chair Paul Ryan has been particularly outspoken about the tax holiday, referring to it as "sugar-high economics," and preferring instead a plan that includes comprehensive tax overhaul..If passed, the CPI-E Act would base Social Security cost of living adjustments on a consumer price index determined by the spending habits of elderly workers instead of the current formula geared toward younger members of the workforce..Boosting benefits across-the-board by approximately 2% for all Social Security recipients;