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Author: BlueGrits Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79052  
Subject: Re: Reducing the debt on backs of elderly, infir Date: 8/1/2011 12:30 AM
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The COL is nonsense.

I speak that way not as an outsider, but one who was selected to be a "COL" household some years ago.

Here's how the process worked:

- Notified that my household (me) has been selected and that, by law, I MUST participate.

- I was visited at my home and went through about a two hour interview on all types of spending. I didn't budget then so I didn't have any idea of what some numbers were when asked things like, "How much, on average, have you spent on clothes over the past three months?"

- Each month I got a phone call asking "Did you spend more or less and by how much?" for the expenses. Unless I did something really big or noticeable (like rent change), I just said "no change" as the original numbers were pure fiction anyway.

- I finally moved and got out from under everything as the "COL Household" is tied to a specific physical address.

The COL is nonsense.

But using the COL for the elderly and infirm is nonsense anyway as their needs are more closely tied to the costs of medical care. In fact, I talked just today to an elderly family friend - a woman whose family sometimes put food on our table - about what was happening to SS and medicare. She's sure it's Obama's fault because every time cuts to those programs are mentioned, his name is connected to them. I've tried to talk to her, but I don't think it's sinking in. She's lost here husband and is scared for what the future holds...

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