Bush beats Clinton, again

The COLA for Social Security next January will be 4.1%; the biggest percentage increase since 1991.

One thing I never understood and maybe I will in 31 years is people complaining that they are on a fixed income. "Fixed" means it doesn't go down, either, and with a cost of living adjustment it sounds to me like the "fixed income" description is a myth as the payments never go down and only go up. When I was recent college grad in the early 1990's, I wish I had a fixed income. In the real world, a 4.1% raise is reflective of stellar performance. Unless, of course, you're an inept CEO who sinks a company and sends 4,000 jobs overseas, then you get a seven-figure bonus.

If your COLA (raise) doesn't cover all your expenses you can do one of two things: 1) cut your expenses or 2) earn more money. Or, you can do both. Coming from someone who has never had a fixed income, I can say I have done both.

Sure, it sounds harsh but do we really need to depend on the government for everything? As for me, I am assuming I will get no Social Security and I had made that decision about nine years ago.