This is a Press Release just issued by the US Social Security Administration on 15 October 2010
Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 58 million Americans will not automatically increase in 2011, the Social Security Administration announced today.
The Social Security Act provides for an automatic increase in Social Security and SSI benefits if there is an increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year a cost-of-living adjustment (COLA) was determined to the third quarter of the current year. As determined by the Bureau of Labor Statistics, there is no increase in the CPI-W from the third quarter of 2008, the last year a COLA was determined, to the third quarter of 2010, therefore, under existing law, there can be no COLA in 2011.
But the US aid to “Israel” gets an increase
On December 20, 2009, the Senate passed the annual foreign aid bill for fiscal year 2010, which includes $2.22 billion in security assistance to “Israel” .The aid, approved the week prior by the House of Representatives, when combined with $555 million approved in an earlier bill, brings the total amount of aid to “Israel” in fiscal year 2010 to $2.775 billion - a $225 million increase from last year. This aid is given to “Israel” by the US at a lump sum with a cost to the US Treasury of around $93 million in interest. “Israel” turns around and loans most of the money back to the US and makes an extra $105 million in interest. The military aid that “Israel” will get from the US for fiscal year 2010 will be around $6.5 billion . You can also bet that "Israel" will get few hundred millions more before the year ends in return for " temporary halt to building settlement " or something like that to bring the total aid close to TEN BILLION DOLLARS ,the average the zionists have been getting from the US for a long long time.... But as for the poor old Americans ,they should find a way to survive on what they get from the SS Administration and if they do not like it ,they can go to hell......