Thursday, October 22, 2009

Fucking With Old People


As chronicled earlier in this space, for the first time since 1975, when yearly cost of living adjustments were adopted for Social Security recipients, there will be no increase in benefits in 2010. The excuse is that the increases are tied to inflation and since that has been negative this year, no increase is necessary. I understand that, and I understand that negative inflation means that prices have generally gone down on most products, leading to a cheaper cost of living for all Americans. But there is a catch, a big one. For those on Social Security aged 65 and older, who are also on Medicare Part D, their cost of prescriptions will rise. With no increase in benefits, those people, after paying more for their medicines, will have less money each month.

To make up for this shortfall, President Obama is asking Congress to approve a one time $250 payment to Social Security recipients, those receiving veterans benefits, disability benefits, railroad retirees, and retired public employees who don't receive Social Security. Estimates are that the cost of this payment will total $13 billion. The president says he will not approve taking the funds from the Social Security trust funds, which probably means borrowing the money, which means increasing the federal budget deficit.

Congress is going to go along with this scheme since fucking with senior citizens is political suicide. Here is my proposal. Someone on a local basis should set up a non-profit benefit exchange. Social Security recipients who receive the $250 but really don't need it could donate their payment, which the non-profit would then make available to seniors who can demonstrate a real need for the funds. Give donors a tax break. Help out those who need that cost of living adjustment. I'm not smart enough to figure out how it can be done. I'm just the idea guy. When this takes off and millions of seniors are helped, don't forget that Nobel Prize nominations close on Feb. 1, 2010.

4 comments:

fleshpot said...

I hope you realize you must wear tails to accept your prize.

Grumpy said...

For that much prize money, I'll grow a tail.

GMoney said...

Old people aren't going to donate shit unless a televangelist tells them to.

Grumpy said...

Don't know many old people do ya G$?