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New Cola Rate For 2008


JohnM

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Has anyone heard about the new Cola rate for 2008?

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There is a bill in conress, or an amendment to a bill I cant remember that is attempting to tie the VA cola to Social Security cola and make them the same. Might want to check it out.

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  • HadIt.com Elder

Well not being tied to Social Security out VA Cola has to come up for a vote every year. So far since I started getting a check from the VA in 1991 I have gotten the same COLA for VA that I got for SSD.

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2.3 percent in January, the lowest cost of living adjustment since 2003 as the pace of inflation eased.

http://www.washingtonpost.com/wp-dyn/conte...ml?hpid=topnews

I would take the Lemon and make Lemonade, but Lemons here have jumped to 75 cents each and I can't afford them! Milk $4 gallon, I'm sure glad that everything I use has gone down to lower than 2003 prices!!!!!!!

Edited by jessejames
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Guest Dataman

JJ I agree it's sure cheap nowdays to buy stuff. Gee 3 bucks gas now, glad energy prices went down (ha ha). Price of heating going up (Gas), Food is 10=15 percent higher on most items. Or More.

I figure about 230 bucks raise (most from CRDP Phase in Increase).

They must use VA Math to figure out the Cost of Living Raises.

DM

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  • HadIt.com Elder

I give m cyself a cola every year by cutting some thing. Thru a combination of events I ended up with about a 2300 cola last year.

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Guest terrysturgis

Kinda like Pete, I cancelled the cell phones. A $1,500.00 raise. If you need me call me at home. I'm always here. Take care. Terry Sturgis

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  • Community Admin/Founder

Veterans’ COLA bill sent to Bush

By Rick Maze - Staff writer

Posted : Friday Oct 19, 2007 15:13:45 EDT A bill ordering a 2.3 percent cost-of-living adjustment in veterans’ benefits passed in Congress late Thursday and was sent to the White House for President Bush’s signature.

http://www.armytimes.com/news/2007/10/mili...nscola_071019w/

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  • HadIt.com Elder

To bad the spineless Congress could not have just made there own COLA like that would reflect real world costs like energy, housing and an accurate accounting for the real costs of living?

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Core inflation is where the volitile items are excluded. Food and Gasoline are a part of the CPI-W calculation which determines our COLA.

Here is a link showing all categories used for the CPI-W numbers :

www.bls.gov/news.release/cpi.t04.htm

Seems like everything I'm buying has seemed to have gone up a lot more than 2.3%.

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http://www.bls.gov/cpi/cpifaq.htm

7. What goods and services does the CPI cover?

The CPI represents all goods and services purchased for consumption by the reference population (U or W) BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups. Major groups and examples of categories in each are as follows:

FOOD AND BEVERAGES (breakfast cereal, milk, coffee, chicken, wine, service meals and snacks)

HOUSING (rent of primary residence, owners' equivalent rent, fuel oil, bedroom furniture)

APPAREL (men's shirts and sweaters, women's dresses, jewelry)

TRANSPORTATION (new vehicles, airline fares, gasoline, motor vehicle insurance)

MEDICAL CARE (prescription drugs and medical supplies, physicians' services, eyeglasses and eye care, hospital services)

RECREATION (televisions, pets and pet products, sports equipment, admissions);

EDUCATION AND COMMUNICATION (college tuition, postage, telephone services, computer software and accessories);

OTHER GOODS AND SERVICES (tobacco and smoking products, haircuts and other personal services, funeral expenses).

Also included within these major groups are various government-charged user fees, such as water and sewerage charges, auto registration fees, and vehicle tolls. In addition, the CPI includes taxes (such as sales and excise taxes) that are directly associated with the prices of specific goods and services. However, the CPI excludes taxes (such as income and Social Security taxes) not directly associated with the purchase of consumer goods and services.

The CPI does not include investment items, such as stocks, bonds, real estate, and life insurance. (These items relate to savings and not to day-to-day consumption expenses.)

For each of the more than 200 item categories, using scientific statistical procedures, the Bureau has chosen samples of several hundred specific items within selected business establishments frequented by consumers to represent the thousands of varieties available in the marketplace. For example, in a given supermarket, the Bureau may choose a plastic bag of golden delicious apples, U.S. extra fancy grade, weighing 4.4 pounds to represent the Apples category.

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  • HadIt.com Elder

Some of this stuff has dropped like TV's but for the most part all government fees have skyrocketed as well as fuel and services food and many other things. I do not see how they could come up with a 2.5% increase. After a Depression I wonder if they will take away from our check?

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Guest Dataman

I think 2.3% is a bad joke. TV's, Computers and such have dropped in price. But Food is up more than 15% on everything. Elec, Gas for Heating, Gasoline, Cars, Drugs (Tricare, wetn from, Free, $9, $22 now). I spend at least 50-100 more per month that last year.

Only other thing that went down for me is House Insurance. $150 bucks a year.

So I plan on Eating more TV and driving the Computer more!

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Everyone seems to be blaming the 2.3% on the VA. Social Securtity is 2.3% Also. the blame should not be on VA but on Mr. Bush him self and the Republicans. They can not afford to give us a higher rate because he has to support this war that we are in. We need to push harder on the goverment!

What ever happen to the 25% that we were suppose to get?

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  • HadIt.com Elder

You started earning it today and will get the bump on the next check. Ha Ha don't spend it all in one place.

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Well 2.3 is better than .3 lol I am still waiting on a decision on my claim i am 60% now broken back 40% paralysis of sciatic nerves both legs 10% and schrapel scar left leg 10% i am only 29 years old. If my rating goes up does the 2.3% go with it

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  • HadIt.com Elder

smiles at Guayamas, switches his coffee to decaf and sends the caffeine to Pete. :rolleyes:

Will use the allocated Cola increase as best possible to pay 2.3% more taxes as proud American citizen.

Would like a lump sum payout for disability compensation right now. Thats in consideration that if I weren't disabled, I'd be at peak income earning towards private retirement including medical.

Waves at Jimmy's post, yes, Maslow concepts but do Krogers, Allstate, HUD, BP, Walmart, Community Colleges,pee wee leagues, Humana Healthcare and Funeral homes 'accept' 2.3% CPI?

thats my 2.3% cg

Edited by cowgirl
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Jim, you are a hoot, Dude!!! I wish the heck and back I could develope a sense of humor like yours, probably get rid of this ulcer of mine. Take care.

jaz

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