Tuesday, October 19, 2010
The latest idea from Congressional Democrats is to make a one time payment to Social Security recipients.
Politically, this makes a lot of sense. Seniors vote, and who wouldn't want a "bonus" these days? Put your Republican opponent in the position of having to oppose it.
They're promising to push this once Congress returns after the election in a "lame duck session" (i.e. one that takes place between the election and the seating of new members and removal of old ones not re-elected).
The rationale is that Social Security recipients have not received an increase in their payments for cost of living this year.
Because, according to the government statistics, the cost of living didn't actually rise.
Supporters argue that this is "stimulus" and that seniors are struggling, and have to deal with depleted savings. No word on why taking money from a working family of four and handing it to someone to augment their depleted savings will have an economically "stimulative" affect.
To recap: Democrats are offering seniors an additional payment that was not earned, to which they are not entitled under current law, and which has no policy rationale.
What would you call this?