Hey Tilted: Robbing the Old to pay the Rich

[EmptyTimCup]

Robbing the Old to pay the Rich


The senate boldly and blatantly refused to give 57 million elderly individuals $250 more. The story below highlights this point.

A measure to give some 57 million elderly people, veterans and persons with disabilities a $250 check was rejected by the Senate on Wednesday, a setback for the powerful seniors' lobby.

Social Security payments for the elderly and disabled will stay flat this year for the first time since 1975 because they are tied to consumer prices, which decreased amid the worst economic recession in 70 years.

That follows a year in which payments rose by 5.8 percent, largely due to a spike in gasoline prices."It is wrong to turn our backs on seniors in this moment of economic difficulty," said Independent Senator Bernie Sanders, who sponsored the amendment.​

But Republican Senator Judd Gregg pointed out that the bill would defeat the purpose of indexing Social Security payments to inflation. "The law says it shouldn't be given," Gregg said. At least 10 Democrats agreed with Gregg and joined 40 Republicans to defeat the proposal. Full Story

The real and only definition of inflation is an increase the supply of money. It is not defined as in an increase in price as so many economists love to falsely proclaim. The money supply has gone ballistic, our national debt has doubled in the last 10 years, and we continue to create money and a mind boggling rate. Therefore, inflation has not disappeared, its pace has continued to increase, though the effects of inflation have not always manifested themselves immediately (price increases); based on this simple fact these individuals should not be getting $250, they should be getting between $600-1000. The masses are being blindly robbed via this silent Killer tax, otherwise known as inflation.

If Senator Judd and everyone who voted against this bill feel that we have no inflation, why are they are not lowering their salaries to compensate for this so called low inflationary environment? It will be a cold day in hell when anyone in congress voluntarily takes a pay cut. Senator Bayh was right, every incumbent needs to be kicked out and replaced with new blood; while not the perfect solution, it will send a message to these guys that it’s time to do something. When you bite the hand that feeds you, you are doomed to lick the boot that kicks you.

the bit about inflation sounds about right .... and I don't expect Congress Critters to take a pay cut anytime soon ...

 

[Vince]

They must be saving that money for Obamacare. We have to make sure the 20 million that don't have healthcare, don't want healthcare and the illegals get their free healthcare. Socialism at it's finest.

 

[Retrodeb54]

No cost of living increase (as tiny as it always is) is hurting those on SS more than people realize. The $250.00 stimulus would have been nice, but of course we got @#$#@&* out of that too. My meds co-pays keep increasing and my bones hurt from being cold.

May the rich always buy bigger and better toys and may our government always support them in their effort to keep up with the Jones. The selfish jerks. I have to feel sorry for those that can't FEEL! I long ago gave up careing, since it will never change. Although I can't even keep up with my heating bills, medications or food costs much less the Jones, I can feel for others and be grateful. I don't live in Haiti , my family is healthy and I do (although barely) have a roof over my head. I am truly blessed.