Thursday, October 15, 2009
Social Security makes it official: No COLA in 2010 - "So, ah...heres 250 bucks!"
You have to wonder how dumb this Administration thinks elder Americans are in this country.
For the first time in 35 years, there will be no Cost of Living Adjustments in benefits, because, reportedly there just are no funds available in these hard times.
So out of thin air, Barack Obama, motivated by whatever factors, says it would be a nice to give 'the old folks' a little something.' That something coming in the form of a $250 one time check.
If you haven't noticed lately folks.....this country IS BROKE--Bankrupt--flat on our ass with no cash. Not to look a gift horse in the mouth, as they say, but NO THANKS! To dole out 250 bucks to every eligible recipient, the one time expense to taxpayers will reportedly be 13 Billion dollars.
Here's the interesting point to grab your attention. In light of our many fiscal woes, Barack Obama, generous man that he is, when asked where the funding will come from says 'he'll leave that up to congress, but most likely it will have to be borrowed!' Dear God, someone please take this man's credit card away, destroy it and don't allow him anywhere near you kid's piggy banks.
Total irresponsibility!!!!! But here's what he says, because I wouldn't want to misquote the wizard!
"The White House put the cost of the payments at $13 billion. Obama didn't say how the payments should be financed, leaving that up to Congress. The president is open to borrowing the money, increasing the federal budget deficit, just like Congress did with the first round of stimulus payments. "
If you still have the courage, especially if you voted for this man, PLEASE read the entire article at this link:
Social Security makes it official: No COLA in 2010 - Yahoo! News
Someone--ANYONE, please.....Stop this madness! It is no longer even laughable.