Obviously, the president doesn't get it. He keeps proposing
more spending. Now it is more money for seniors since
inflation is down so there's no COLA increase for Social
Security.
Reports the Washington Post:
President Obama on Wednesday attempted to preempt the
announcement that Social Security recipients will not get an
increase in their benefit checks for the first time in three
decades, encouraging Congress to provide a one-time payment of
$250 to help seniors and disabled Americans weather the
recession.
Uncle Sam ran a $1.4 trillion deficit in FY2009. Just
where is the money for a new payment going to come
from? Heck, there's no reason to stop with retirees.
Why not just give everyone in America a million dollars?
That should solve all of our problems.
About the Author
Doug Bandow is a Senior Fellow at the Cato Institute and the Senior Fellow in International Religious Persecution at the Institute on Religion and Public Policy. A former Special Assistant to President Ronald Reagan, he is author of Beyond Good Intentions: A Biblical View of Politics (Crossway).
