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The index used to determine the COLA of retirees does not measure the spending patterns of retirees, but younger workers instead. Retirees, we all know, spend their money differently than younger people and must spend a far bigger share of their budgets on housing and medical costs - two categories of spending that often rise several times faster than overall inflation..Many other Democrats on Capitol Hill including President Obama seemed to share his concerns. However, since the budget blueprint is a resolution and not a bill, it will not require the signature of the President, and each of the proposals that appear in it including the repeal of the ACA and the cuts to Medicare and Medicaid will require the passage of separate legislation..Please note the January 2019 to January 2020 period covered by this study does not include the recent impacts of the coronavirus or the collapse in oil prices..I take my checkbook off the table, and see that there is only 1 check left..Most surviving children would not be eligible for Notch Fairness Act benefits, but the issue should concern every single child of a Notch Baby. Recent Social Security reform proposals to attach a "price index" to the Social Security benefit formula would cut benefits for future retirees in a manner similar to the 1977 changes that led to the Notch. In addition, Congress thus far has taken no constructive non-partisan action to address Social Security's looming shortfall - meaning they may have to make very deep and abrupt cuts when they can no longer stall for time..According to one non-profit government watch-dog analysis, ". legislation enacted since 2015 could be responsible for more than half of the deficit in 2020 and 202In other words, recent policymakers are responsible for doubling near-term budget deficits.".The Social Security Trust Fund is the single largest holder of U.S. debt. In the past, when more payroll taxes were received than required to pay benefits, the surplus was by law, used for other purposes. The federal government accounted for borrowing the funds by issuing I.O.Us from the U.S. Treasury to Social Security or Medicare Trust Funds. In recent years, the program's financing reversed and now both Social Security and Medicare Trust Funds are paying out more in benefits than money coming in. Both now rely on drawing down the interest and then the I.O.Us. But when the rest of the federal budget is in deficit, the government must borrow to pay Social Security and Medicare benefits. And according to a growing number of economists, those borrowing days are numbered..With about 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of TREA The Enlisted Association. Please visit or call for more information..Introduced by Reps. Linda Sanchez and Tom Reed, the bill would provide up to ,000 in a family caregiver tax credit. Expenses like groceries, modifications to a home, transportation to a doctors' visits, or hiring someone to look after an elderly patient or disabled child would qualify for the credit. "A caregiving credit would be a much needed help," says Susan. "It would benefit me and benefit a lot of other older families that I work with," she says.