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Retiree Anger Over Zero 2010 COLA and Future Social Security Reform

In the next two years, it is predicted that the Social Security system will pay

more out in benefits than it collects in taxes. 

This is the first time this has happened since the 1980s, and is href="http://news.yahoo.com/s/ap/20090927/ap_on_go_ca_st_pe/us_social_security_early_retirements"

target=_blank>reportedly due to the strain of recent job losses and early

retirements on the system.

With the additional announcement last month that there will be href="http://www.myfederalretirement.com/public/376.cfm">no cost-of-living

(COLA) increase to Social Security recipients in 2010, the concern and

anger among seniors is mounting.

Mark Miller, a nationally-recognized expert on trends in retirement and

aging, believes "Washington will turn to Social Security reform sometime after

health care wraps up. The debate has the potential to become Round Two of the

nasty public displays we saw at last summer's health care town hall

meetings."

Miller describes, in his column last week, how the Social Security COLA anger

might be a preview of things to come (href="http://retirementrevised.com/money/is-social-security-cola-anger-a-preview-of-things-to-come"

target=_blank>read the column here on RetirementRevised.com).

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