Friday, July 29, 2011

A POKER FACE MASKED IN LEGISLATIVE INCOMPETENCE!

THIS IS JUST ONE ISSUE ... OF THE TAIL WAGGING THE DOG OR CONGRESS IN HEAT!  THERE ARE FAR TO MANY, MANY MOVING PARTS TO POLITICAL LEGISLATION (EAR MARKS AKA TAKING THE MEAT OFF THE BONE).  PERHAPS THE EASIEST WAY TO REDUCE THE NUMBER OF MOVING PARTS AND DEAL WITH LEGISLATION IS TO STICK TO FOUNDING PRINCIPLES THAT MAYBE WERE NOT PERFECT ... BUT WERE THE RESULT OF VIGOROUS DEBATE THAT ARE THE FOUNDATION OF OUR COUNTRY REGARDLESS OF ETHNICITY, RELIGION, WEALTH, OR OTHER FACTORS OF SOCIAL STATUS. 
http://www.ncpssm.org/entitledtoknow/?p=1822
A bill was introduced into the 110th Congress, 2007 - 2008 to require the establishment of a Consumer Price Index for Elderly Consumers to compute cost-of-living increases for Social Security benefits under title II of the Social Security Act.


Adjusting cost-of-living increases to Social Security benefits using a CPI that reflects the spending habits of the elderly would prevent a decline in the purchasing power of retirees' benefits and protect against skyrocketing healthcare costs.  In 2004, the Consumer Price Index for Elderly Consumers Act (H.R. 1953) was introduced and re-introduced, which:
  • More accurately reflects the inflation rate of consumer spending among seniors, younger workers have far different spending habits;
  • Presently, yearly cost-of-living increases to Social Security benefits are based on a consumer price index that tracks the spending habits of young, urban workers, which is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). 
  • Seniors must use a far greater percentage of their income on health care and prescription drugs, both of which have seen enormous price rate increases. 
All sponsors of the bill were democrats from the following states: HI, GA, NV, OK, VA, PA, TN, MN, TN, TX, AZ, IL, OH, MA, NJ, FL.  The population of those over 65 is a shade over 40 million people.



The proportion elderly varies among the 50 States and the District of Columbia.
In 1993, the most populous States were also the ones with the largest number of elderly. Nine States had more than 1 million elderly: California, Florida, New York, Pennsylvania, Texas, Illinois, Ohio, Michigan, and New Jersey. In general, the States with a large number of elderly differ from those States with a high proportion of their population in the elderly ages (Florida and Pennsylvania are exceptions). For example, while California easily has the largest number of elderly persons (3 million), its proportion elderly (11 percent) ranks 46th among the 50 States and the District of Columbia.
Of all the States, Florida had by far the highest proportion elderly, almost 19 percent. Other States with high proportions elderly (14 to 16 percent), ranked in descending order, were Pennsylvania, Iowa, Rhode Island, West Virginia, Arkansas, North Dakota, South Dakota, Nebraska, Missouri, Connecticut, Kansas, and Massachusetts.




Graph: Percent Elderly, by Race and Hispanic Origin: 1990 and 2050
Graph: Percent Elderly, by State: 1993

For Further Information

See: Current Population Reports, Series P23-190, Sixty-Five Plus in the U.S., forthcoming.

An excellent tool to explore the aging of America as well as a wealth of other demographics is available at the: 
http://www.censusscope.org/2010Census/index.php