So they are giving a COLA 2x above inflation? This is a way making the system go bust in the long term, while in the short term its a bribe to those already retired to vote for Trump. No one should be fooled. This is dirty pool.
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What keeps people happy in the short time will be good for the current administration. While things that happen as a result that takes years to come to light well, that can simply be blamed on the past. It is a cycle that repeats.