$250 paymests to seniors


leekohler

macrumors G5
Dec 22, 2004
14,162
19
Chicago, Illinois
I see no reason for this. If it's tied to inflation, and it's negative, why would we increase SS? I'm confused. Just like it p***ed me off when property taxes here are tied to property values. When property values went down, taxes didn't. That's not right.
 

Zombie Acorn

macrumors 65816
Feb 2, 2009
1,301
9,062
Toronto, Ontario
Oh and just for fun, can anyone guess who this quote is attributed to?

"You're getting $600 - what can you do with that? Not to be ungrateful or anything, but maybe it pays down a bill, but it doesn't pay down every bill every month," she said. "The short-term quick fix kinda stuff sounds good, and it may even feel good that first month when you get that check, and then you go out and you buy a pair of earrings."
 

ucfgrad93

macrumors P6
Aug 17, 2007
17,530
8,151
Colorado
Oh and just for fun, can anyone guess who this quote is attributed to?

"You're getting $600 - what can you do with that? Not to be ungrateful or anything, but maybe it pays down a bill, but it doesn't pay down every bill every month," she said. "The short-term quick fix kinda stuff sounds good, and it may even feel good that first month when you get that check, and then you go out and you buy a pair of earrings."
Who is Michelle Obama, Alex.

http://www.washingtontimes.com/news/2008/jul/11/michelle-obama-spend-600-stimulus-check-earrings/
 

sushi

Moderator emeritus
Jul 19, 2002
15,630
3
キャンプスワ&#
Social Security is to keep up with inflation. We had negative inflation. So why the raise? Doesn't make sense on those merits.

On a different note, Social Security is not enough to live on. Maybe an increase in Social Security is reasonable and needed. But that is a different topic.
 

CorvusCamenarum

macrumors 65816
Dec 16, 2004
1,231
1
Birmingham, AL
Social Security is to keep up with inflation. We had negative inflation. So why the raise? Doesn't make sense on those merits.

On a different note, Social Security is not enough to live on. Maybe an increase in Social Security is reasonable and needed. But that is a different topic.
SS was never intended to be enough to live on.
 

rdowns

macrumors Penryn
Jul 11, 2003
27,345
12,408
Ridiculous. He's really starting to annoy me. Where the hell does he think this money will come from?
 

iBlue

macrumors Core
Mar 17, 2005
19,174
15
London, England
Yes, it sounds a tad on the silly side but if he did absolutely nothing to address the lack of an increase to social security next year, people would be complaining about that too.

And how is the cost of living LESS now? Other than maybe property prices (which are irrelevant to the vast majority since loans are not so easy to come by) I don't see prices for anything going down. In fact, since the 'downturn' I seem to notice prices of most things rising. Maybe that's just good old rip-off britain but I can't imagine it's all that different in the US. Life costs never seem to decrease. Not in any significant way to the average person.

:confused:
 

rdowns

macrumors Penryn
Jul 11, 2003
27,345
12,408
Yes, it sounds a tad on the silly side but if he did absolutely nothing to address the lack of an increase to social security next year, people would be complaining about that too.

And how is the cost of living LESS now? Other than maybe property prices (which are irrelevant to the vast majority since loans are not so easy to come by) I don't see prices for anything going down. In fact, since the 'downturn' I seem to notice prices of most things rising. Maybe that's just good old rip-off britain but I can't imagine it's all that different in the US. Life costs never seem to decrease. Not in any significant way to the average person.

:confused:

Energy prices are quite a bit lower this year than last. Gas averaged $3.48 a gallon last October and averaged $2.47 this month. I also read that home heating will cost the average homeowner about $400 less this winter than last. Electric rates are also lower than last year.
 

iBlue

macrumors Core
Mar 17, 2005
19,174
15
London, England
Energy prices are quite a bit lower this year than last. Gas averaged $3.48 a gallon last October and averaged $2.47 this month. I also read that home heating will cost the average homeowner about $400 less this winter than last. Electric rates are also lower than last year.
Oooh, this I didn't know. *grumble* *envy* *grumble*

Actually, no we wouldn't.
Well you might not but I have a sneaking suspicion someone would find a way to criticize.
 

nbs2

macrumors 68030
Mar 31, 2004
2,713
485
A geographical oddity
Ridiculous. He's really starting to annoy me. Where the hell does he think this money will come from?
Do you have kids? From them. Something that every one of these millions of homeowners are learning is that every debt has to be repaid eventually. If you borrow money today, you may not have to pay it back today or tomorrow, but you will the day after that.

By then, the folks that are incurring the debt - the Bushes and Obamas of America - will be long gone, and many of the folks left with the bill - kids and young adults - won't have had a say in the least.

Honestly Blue, I really don't think so. I don't think anyone would have even thought about this in the first place.
Oh, you know the AARP would have had its collective panties in a twist (which is why this is happening)
 

Gray-Wolf

macrumors 68030
Apr 19, 2008
2,602
1
Pandora, Home Tree
Inflation may not have gone up, but seniors costs have. Medicare and medicaid, Prescription meds, and any other effects of aging. Besides the fact, they paid in the money off their lives.
 

Gray-Wolf

macrumors 68030
Apr 19, 2008
2,602
1
Pandora, Home Tree
However, $250 isn't going to do squat- just Like Bush's $600 tax rebates didn't so squat.
I wasn't referring to that, as $250 spread out over 12 months, is meaningless. I was hoping they would change there mind though and do an increase, at least 2+ % as needs of the retired are still there. Though some can and do choose to work, they are limited on the number of hours, or face cuts in the SS money.

Edit - Oh, bush's money did do something, it let me get my iPod touch. :p
 

leekohler

macrumors G5
Dec 22, 2004
14,162
19
Chicago, Illinois
I wasn't referring to that, as $250 spread out over 12 months, is meaningless. I was hoping they would change there mind though and do an increase, at least 2+ % as needs of the retired are still there. Though some can and do choose to work, they are limited on the number of hours, or face cuts in the SS money.

Edit - Oh, bush's money did do something, it let me get my iPod touch. :p
Over the long term, it did nothing- just like this will do nothing.