The lack of a COLA has absolutely nothing to do with SOcial Security or the Government being out of money. The reason is pretty clearly spelled out in teh article that you cited.
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Originally posted by DAL View PostI think that the rush to pass the bill stemmed from the fact that Wall Street feared another Great Depression, and that can be a self-fulfilling prophecy. When the bill failed the first time, there was a huge dip in the markets. So the bill was important for psychological purposes. It is also helping preserve a lot of state public-sector jobs, primarily teachers and law-enforcement officers. Those grants were announced fairly recently, and I do not know how much of the money has been disbursed.
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Originally posted by dadyswat View PostAfter seeing how many of Congress were invested in those companies I think they were just taking care of themselves.Facts do not cease to exist because they are ignored. -- Aldous Huxley
Two things are infinite: the universe and human stupidity. -- Albert Einstein
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