Guest NewsBot Posted October 14, 2009 Posted October 14, 2009 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... Quote
eddo Posted October 15, 2009 Posted October 15, 2009 YAY!! Throwing more money around! YAY!! Quote I'm trusted by more women.
hugo Posted October 15, 2009 Posted October 15, 2009 Since inflation has been negative the zero increase actually makes seniors better off than in normal years when cost of living increase matches inflation. Quote The power to do good is also the power to do harm. - Milton Friedman "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison
Ahhlee Posted October 15, 2009 Posted October 15, 2009 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. Quote
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