Official presidential portrait of Barack Obama...

Image via Wikipedia

How far will $250.00 go? Get real no wonder the Republican surge is working…

 

Another year without an increase in Social Security retirement and disability benefits is creating a political backlash that has President Barack Obama and Democrats pushing to give a $250 bonus to each of the program’s 58 million recipients.

The Social Security Administration said Friday inflation has been too low since the last increase in 2009 to warrant a raise for 2011. The announcement marks only the second year without an increase since automatic adjustments for inflation were adopted in 1975. This year was the first.

House Speaker Nancy Pelosi promised to schedule a vote after the Nov. 2 election on a bill to provide one-time $250 payments to Social Security recipients. Obama endorsed the payment, which would be similar to one included in his economic recovery package last year.

Obama had pushed for a second payment last fall, but the proposal failed in the Senate when a dozen Democrats joined Republicans on a procedural vote to block it. Senate Majority Leader Harry Reid, D-Nev., said Friday that in the post-election session “I will be working hard to gain Senate passage for a proposal that ensures that America‘s seniors are treated fairly.”

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s