Posted on 11/13/2010 8:50:33 AM PST by FromLori
NEW YORK (CNNMoney.com) -- When House Democrats return to Washington on Monday, a top priority will be putting a $250 dollar check in the mail to 58 million Social Security recipients.
Democrats plan to vote early in the lame-duck session on a bill that would provide Social Security recipients with a one-time payment, according to the office of Earl Pomeroy, a Democrat from North Dakota who authored the legislation.
The bill -- with a total cost of roughly $14 billion -- is designed to make up for another year without an increase in Social Security benefits.
In October, the federal government announced that Social Security beneficiaries will see no increase in their benefit checks in 2011. That will mark the second year in a row with no increase.
(Excerpt) Read more at money.cnn.com ...
Wow. 250 whole bucks! That should make it so much better to become soylent green.
Those dems really know how to reel them in./sarc
I remember when George Bush pushed a $400 tax rebate and then Democrat Senate Majority Leader, Tom Daschle sneered that it was enough money to buy a muffler. This $250 won’t even cover the increase in health care costs caused by Obamacare.
Bump
The Tea Party folks need to look at any Republican legislator who votes for this in determining who needs some primary competition.
Why?
Your right about that TTD.
The bastards vote themselves a $4K a year pay raise and give us a $259.00 check to make up for a no increase in SSN and think we won¡t notice.
They're pushing for it because if it fails for whatever reason, they can blame the Republicans.
I’m right there with you but a few years younger. Most of my friends over 60 are doing okay but then again most of them are politically and fiscally conservative and have worked at something their entire lives. I run a business out of my home and still work not only because I have to in order to maintain my chosen lifestyle but also because of “Why not?”. I can do what I’m doing as long as I can toddle down the hall to the office and my memory and thinking capacity stays intact. I had my fill of trying to deal with the government after Ike dealt us a blow. I’ll never call them again. Conservative are a generous bunch. Our church group has a tremendous outreach program. We do things that don’t necessarily take money - help with housekeeping, yard and minor home repairs, take them to the store and doctor’s appointments, etc.
That won’t even buy a month’s worth of groceries. Last time I didn’t get one....so not all will receive it.
Is NObama using some of the $20 BILLION he extorted from BP????
WHERE is that money???
“I think the $250 is a good idea.”
“Why?”
Because of the inflation caused by the intentional devaluation of the dollar and other policy measures by this administration. It will help those on Social Security who have not had a rate increase in two years to somewhat keep up with inflation but of course it will not be 100%.
Boy, that’s too bad. Mine was reduced by $285.96.
| Year | CPI-W | Calc COLA | Actual COLA |
Effective COLA after Medicare Premium | |
|---|---|---|---|---|---|
| 2008 | 203.596 | - | - | - | |
| 2009 | 215.495 | 5.8% | 5.8% | 5.8% | |
| 2010 | 211.001 | -2.1% | 0% | 0% | |
| 2011 | 214.136 | -0.6% | 0% | 0% | |
| 2012 | 220.560* | 2.4% | 2.4% | 0.01% |
By selling more free cheese, of course!
I want a check too!....those SS recipients at least have a check coming in and Iknow some on “disability” that are simply lazy arced schemers....they don’t need the money.
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