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Bill to Award Seniors $250 Is Defeated
WASHINGTON (AP) — House and Senate Republicans on Wednesday thwarted Democratic efforts to award $250 checks to Social Security recipients facing a second consecutive year without a cost-of-living increase.
President Barack Obama and Democrats have urged approval of the one-time payment, saying seniors barely getting by on their Social Security checks face undue hardships without the COLA increase.
But most Republicans contended that the nation couldn't afford the estimated $14 billion cost of the payment, and that the COLA freezes in 2010 and 2011 come after seniors received a significant boost in 2009.
The measure was brought up under a fast-track procedure in the House that required a two-thirds majority for passage. The 254-153 vote in favor of the bill fell short of that.
House Speaker Nancy Pelosi said the financial aid was critical to seniors facing rising costs and falling home values and was fiscally responsible. "But unfortunately," she said, "congressional Republicans overwhelmingly chose to oppose it."
Twenty-six Republicans voted for the bill, while 141 opposed it. Democrats were in favor, 228-12.
Later, the Senate voted 53-45 on a measure to bring the Social Security supplement bill to the Senate floor for debate. That was seven short of the 60 votes needed to advance the legislation.
The highlight of the deal is a two year extension of tax cuts for the rich. Democrats wanted to only extend the Bush tax cuts as they applied to income below $250,000. Under the compromise, all of the Bush tax cuts are extended for two years. A person making over one million dollars each year will get at least 40,000 more in income because of the extension of tax cuts for the rich.
Originally posted by ProfEmeritus
By the way, here is the benefit the rich get for extension of the Bush tax cuts for them:
The highlight of the deal is a two year extension of tax cuts for the rich. Democrats wanted to only extend the Bush tax cuts as they applied to income below $250,000. Under the compromise, all of the Bush tax cuts are extended for two years. A person making over one million dollars each year will get at least 40,000 more in income because of the extension of tax cuts for the rich.
www.examiner.com...
So, Republicans have decided that $250 for seniors is something that the country CANNOT afford, but $40,000 for EACH millionaire is something the country CAN afford.
ARE THEY NUTS?
My local toys for tots program usually receives 10,000 toys each year. This year they have 2,000 to date. My local food bank is empty.
My local homeless shelter has no room to house the nearly 20,000 homeless whom are mostly children. Meanwhile the school system is asking the parents to contribute school supplies. Meanwhile the teachers are being laid off and the schools closed.
Meanwhile the big corporations are making record profits with less people working then ever before. Meanwhile the government extends them an olive branch of hope that they will not be taxed too much. For the people, the government laughs and accuses us of not helping ourselves. Meanwhile the government sells off the water rights to my property.
Meanwhile the government puts my local farmers out of business.
And in the end, here I am. Watching this madness unfold. Watching the end of our corrupt system that will all crumble shortly.
What exactly is giving seniors a one time $250 going to do? Honestly? If you break it down, it is an extra $20.83 a month if it was a COLA. An extra $21 is not going to be a make or break point for anyone.
Yeppers....40 thousand dollars that they EARNED. Money that they can put back into the economy buying consumer non-essential goods,that will actually stimulate the economy.
The overseas second home market in 2010 is likely to be characterised by cash rich, lifestyle property investors who will take advantage of lower prices in traditional holiday hotspots, according to a new report. France, the Spanish Balearics and the Algarve were the most popular second home locations in 2009, the survey by Savills International and HomeAway.co.uk also found. The research found that it has been buyers with a higher disposable income, and who are therefore less mortgage reliant, who are buying. They are taking advantage of price decreases of up to 30% even in the most sought after locations and are therefore able to invest in such high end properties at a discount.
Everything excluding military pay They are below poverty level anyway.
Millions of seniors living below poverty line are never counted.
Feb. 25, 2009 - Nearly half a million elderly living alone in California cannot make ends meet, according to a new policy brief by the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development. These senior citizens, the report says, lack sufficient income to pay for a minimum level of housing, food, health care, transportation and other basic expenses.
They push on extending tax cuts for the wealthiest...billionaires...yet give a gigantic FU to our elderly who have paid their entire lives into Social Security. They are trying to take another bite out of it to make another point on how we need to privatize it.
(Ron Paul) Rated 30% by the ARA, indicating an anti-senior voting record.
Yeah, they say it has to be paid for...but who gives a damn about how we are going to pay for tax breaks for billionaires!!!!!!!!!!! They'll just dig into SS like they have done before.