Source: Veterans Today
October 22, 2014
BURLINGTON, Vt., Oct. 22 – U.S. Sen. Bernie Sanders (I-Vt.), chairman of the Senate Committee on Veterans’ Affairs, said he is “disappointed” by today’s announcement of only a 1.7 percent increase in the cost-of-living adjustment for Social Security beneficiaries and disabled veterans. “At a time when the prices of prescription drugs and electricity are skyrocketing, I am disappointed that seniors and disabled veterans will only be getting a 1.7 percent increase next year,” said Sanders.
“This is the third year in a row that the cost-of-living adjustment will be less than 2 percent.” The cost-of-living adjustment is one of the smallest increases since the automatic annual adjustments were adopted in 1975. (There was no increase in benefits in 2010 or 2011.) “As bad as that is, it could be a lot worse. Many Republicans believe that these cost-of-living adjustments are too generous.
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