No COLA For You
Since a politician never believeswhat he says, he is quite surprised
to be taken at his word
--Charles De Gaulle
A dream is a wish your heart makes
when you're fast asleep
In dreams you lose your heartaches
Whatever you wish for, you keep
--A Dream is a Wish Your Heart Makes,
Cinderella
The shape of things to come
--advert for TR-7 (1974)
___________
The story of postage hikes to take effect Jan. 2012 just reminds us of the imbalance in our current abysmal economic climate.
Fighting to survive a deepening financial crisis, the Postal Service said Tuesday it wants to increase the price of first-class stamps by 2 cents — to 46 cents — starting in January. Other postage costs would rise as well.
. . .
The price to send periodicals would go up about 8 percent, and other rates for advertising mail, parcels and services would rise by varying amounts. ... [P]ostage costs would rise an average of 5 percent (Stamp Prices Going up Again -- 46-cent Rate Asked).
The USPS is a microcosm of things to come. At our local postal station, waits can be upwards of 45 minutes, even during off-ours. This is due to staff reductions -- a cost-saving measure you see implemented at numerous businesses. Now, we get to pay more money for a reduction in services.
Meanwhile, Social Security recipients suffer no Cost of Living Adjustment (COLA) for 2010 or 2011. The story is, there is no inflation, even though the Consumer Price Index (CPI) rose 5.9 percent in fiscal year 2009 -- the index which COLA is usually tied to. This is the first time in 35 years there has been no COLA.
Sadly, the official line is belied every time one empties one's basket and runs one's good through checkout in the supermarket. But politicians don't engage in such quotidian tasks, so -- pity -- they don't understand the hits the average consumer feels on a daily basis.
Why does the USPS get, in effect, a COLA because they cannot make it, yet the fiction is imposed that a COLA is not needed by Social Security recipients?
Labels: COLA, cost of living adjustment. postal rate hike, inflation, recesssion








