@Mythic
I try to be very precise in my questions and explanations. The original post was about “Social Security”. This is a specific program administrated by the Social Security Administration for OASDI, "old age, survivors, disability insurance", for those who have paid into the Social Security System.
SSI is Supplemental Security Income, it is funded by general tax revenues, not paid for by those who have paid into the Social Security system. For the convenience of the federal government the SSA, Social Security Administration, administers the SSI system. SSI essentially replaced the welfare programs administered by individual states many years ago.
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Thus my reply was based solely on Social Security, OASDI, considerations. And they still hold.
But my reply was sort of a knee jerk reaction. I see a lot of posts here that seem to express unfounded or unrealistic expectations of the Social Security program. A lot of ideas that I find fault with even from my hyper-liberal political position. I do understand that there are many ways to skin the cat and determine what the "increase in cost of living" may be; and of course this depends greatly on who the determination of the actual increase in cost of living is made for. I have read some articles presenting the pros and cons of various types of "cost of living increase" that might be applied to Social Security (OASDI). I suppose my original objection still stands that the OASDI program itself has some serious funding issues and I feel it would be better to address these overarching concerns first and get into the details of COLAs as of less urgency.
