Tuesday, October 19, 2010

How Much Is Enough?

Members of Congress, the article says Democrats but there may be some others, are crafting a plan to give seniors a one-time payment of $250 to fill in for the lack of a Social Security inflation adjusted increase.

There are several things wrong with this. One, we don’t have the money and two this violates the basis of Social Security. The reason for changes in benefits over time are tied to inflation, because there has not been inflation over the past few years there is no increase in benefits.

I know that it is always nice to receive more money now than you did before, but when does it end? If we continue to dole out one-time increases to go contrary to the proposed rules of Social Security, where does it stop? I understand that times are tough, but times are tough for the country also, should we cripple the country to make 58 million people feel better?

We need to take into account all 300 million citizens.

Additionally we can’t afford it. I would love to buy everyone in my extended family a new car, I would even be happy to buy my mom and dad a new car, I cannot afford it. The reality is that the further we drive the vehicle of debt, the harder it is going to be when we run out of gas. We cannot afford to spend more and more.

Few deny the claim that Social Security is a broken system ready to fail in the future. The economic analysis doesn’t support the idea that a system like this can sustain itself. Other countries have already entered their own social senior program collapse, we need to find a solution other than spending more money counter to the program’s established rules.

Thinking harder, there is one other problem that should be mentioned. This is a blatant attempt to buy the senior vote. Democrats are facing a tough election and they propose a $250 payment to a voting block that is critical to their success; that is shameful. I have had my fill of those who wish to tax and redistribute.

$250 wouldn’t buy my vote,

fiscal responsibility might.


Link to Cited Article

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