I have been practicing as a certified public accountant for more than 40 years. As such, I tend to be fiscally conservative. However, I think of myself as being more liberal when it comes to societal issues.
I am also inclined to not be very outspoken publicly, despite having strong opinions on a number of issues. But an immediate concern of mine is the development of public policy of late and the public’s willingness to accept, without question, whatever government leaders present.
Of particular note is the federal government’s posture with respect to senior citizens. The Social Security Administration has announced that, based on the third quarter of 2015, there is no economic inflation and, therefore, no cost of living adjustment in Social Security pension benefits to be paid to senior citizens in 2016.
Almost simultaneously, that same government agency announced that seniors will be required to pay 3.1 percent more in 2016 for their Part D (prescription drugs) insurance premiums and 16.1 percent more in 2016 for their Part B (medical) insurance premiums.
Now, that is creative accounting and a direct burden to a segment of the population that should be assisted, not punished.
Wherein lies justice?
Bob Grieshaber, Auburn
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