Quote:
Originally Posted by dillywho
It is tied to the CPI (or one of the other indices..not sure which). Because of that, ours actually went down in 2009. Yes, there is a very low cap on the amount of increase.
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The current administration has said that there has been no increase in CPI because housing cost have gone down.
Now tell that to somebody who is living in a home on a fixed income like many seniors. Fact is, inflation/CPI is up. It has to be up due to the fuel cost affecting every inch of every product.
I believe that those in Washington (figure out who) want to keep the CPI as down or no increase, because there are criteria that will affect pay increases for everybody from Social Security, to Military pay. Nobody in Washington wants that to happen. We're too far in debt.