Loony lawmakers are playing with our money

newsroom@islandpacket.comFebruary 26, 2014 

The loons in Washington are now discussing raising the minimum wage between 10 percent and 30 percent.

According to my research -- and please correct me if you find out differently -- the average Social Security benefit for people between 62 and 75 is $1,250 per month. This comes out to $312.50 a week. Divide that by 40, assuming a 40-hour work week, and you would be earning $7.82 an hour.

Now the loons want to give the Social Security recipients a whole 1.5 percent increase. But that is not all -- the leader of the band wants to use chained consumer price index next year which could actually cut your Social Security.

What raise did Congress get? And why won't Obama and Congress take Obamacare?

By the way, the loons are looking to cut Medicare. Does it make anyone feel like a fool for voting for them?

Jack Cafferty


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