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.
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.