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No Social Security COLA So Obama Favors $250 For Seniors
Written by  {ga=staffwriters} // Friday, 15 October 2010 11:26 //

The White House press secretary, Robert Gibbs released this statement regarding the Social Security Administration not providing a cost of living adjustment for the second year by stating President Obama will renew his call for a $250.00 Economic Recovery Payment to seniors this year, as well as to veterans and people with disabilities:

Here is Robert Gibbs statement:

 

Statement by Press Secretary Robert Gibbs on Social Security Economic Recovery Payment

 

Many seniors are struggling in the face of the economic downturn, having seen their savings fall. Today’s news that the Social Security Administration will for a second year not provide a cost of living adjustment for social security benefits highlights these struggles. The President will renew his call for a $250 Economic Recovery Payment to our seniors this year, as well as to veterans and people with disabilities.  Last year, under the Recovery Act, 56 million people benefited from the first Economic Recovery Payment—including about 50 million Social Security beneficiaries.  We’re grateful that Speaker Pelosi has indicated she will bring the new Economic Recovery Payment to a vote and we urge members of Congress on both sides of the aisle to support our seniors, veterans and others with disabilities who depend on these benefits.

What do you think about the payment?  Do you think it is electioneering?  Is it the right thing to do? Do you favor it?  Or, do you oppose the payment?  Tell us below on our Buzzbacks:

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