Wednesday, October 14, 2009

$250 bonus

Barack Obama has asked congress for approval to give more than 50 million senior citizens a 250 dollar payment to make up for not increasing their social security check next year. Next year will be the first year that social security does not increase its payments to those receiving social security checks since 1975. I believe that it is not much of a inconvenient that the payments for those who receive social security will not increase because cost of living will not increase. Since the reason why payments are increased are because cost of living goes up and cost of living will not go up then there’s no reason to increase the social security payments. The 250 dollars are just a bonus which will help the economy because money is given to the people to spent which will furthermore distribute money.

No comments:

Post a Comment