Obama calls for $250 payments to seniors

Discussion in 'World Events' started by NewsBot, Oct 14, 2009.

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  1. NewsBot

    NewsBot Guest

    WASHINGTON (AP) -- President Barack Obama called on Congress Wednesday to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year. The Social Security Administration is scheduled to announce Thursday that there will be no cost of living increase next year. By law, increases are pegged to inflation, which has been negative this year....

    By STEPHEN OHLEMACHER

    More...
     
    NewsBot, Oct 14, 2009
    #1
  2. eddo

    eddo I don't like you.

    YAY!! Throwing more money around! YAY!!
     
    eddo, Oct 14, 2009
    #2
  3. hugo

    hugo Big Time BS'er

    Since inflation has been negative the zero increase actually makes seniors better off than in normal years when cost of living increase matches inflation.
     
    hugo, Oct 14, 2009
    #3
  4. Ali

    Ali Eschew obfuscation

    I'm just going to attempt to rob a bank and subsequently end up in prison where I have food, shelter and a cellmate who likes to beat me up for cigarette money.

    That's my retirement plan.
     
    Ali, Oct 15, 2009
    #4

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