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Despite the new report that the two year, $787 billion stimulus or money is helping the economy, the jury is still out on exactly how many jobs it will create.
Accordingly, the White House is thinking of extending the $8,000 credit for Gucci Belt Green Red Black
The annual COLA increase, implemented in 1975, was designed to help seniors and disabled Americans when inflation was eroding their monthly benefits. That is not true now. The cost of living fell slightly in recent months. Technically, there is no legal reason for benefits to increase.
One problem (of many) with the bailout of trillions of dollars, especially to companies giving employees an average of three quarters of a million dollars this year, is that now everyone expects something.
Facing an election year, Congress Hermes Belt Buckle Mens is likely to agree to Obama request. Republicans may be chaffing at the mounting national debt, but they aren about to make much noise over more money for seniors. The GOP sees a chance to regain congressional seats and won alienate voters.
Who among us would not welcome an extra $250? But if it comes, it will be attached to guilt. A lot of seniors, especially those with financially struggling children and grandchildren, feel in their bones it is wrong.
While an extra $250 would mean a great deal to thousands of seniors and disabled Americans, the cost would be at least $13 billion, according to the White House. Others think the cost would be $14 billion. (A billion here, a billion there and pretty soon we talking real money.)
Once again we make the argument that the real problem facing this country is lack of new jobs. The rate is even higher than one out of 10 Americans needing a job not being able to find one because many are so disheartened they stopped looking.
House and Senate Democratic leaders quickly jumped up to stand with President Barack Obama in seeking the $250 checks, which would be available to all beneficiaries regardless of income next year. Because the new checks also would be supposed to stimulate the economy, there would be no offset in savings elsewhere in the federal budget.
A lot of families with small children could also use $250. What about them? There are many seniors with far more money than many families who can make it from paycheck to paycheck.