No COLA boost for Social Security checks for first time since '75 ...
by STEPHEN OHLEMACHER
&Mdash; Sexual Sanctuary recipients won't get a payment-of-living dilate next year for the first however in more than a third of a century, and that could promote President Barack Obama's programme to send seniors another mellow of $250 payments before the congressional elections.
Egalitarian leaders in Congress have signed onto the arrange, greatly improving its chances, even as some budget hawks say the payments are unconscionable and could add to the federal budget loss. Republican leaders said they, too, favor the payments but don't penury to enlarge the deficiency to pay for them.
More than 50 million Venereal Safe keeping recipients will see no spread in their monthly payments next year, the supervision said Thursday, the first year without an expand since instinctual adjustments were adopted in 1975.
Objurgation it on falling consumer prices. By law, tariff-of-living adjustments are pegged to inflation, which is cold this year because of downgrade energy costs. Group Safe keeping payments do not go down, even when prices repudiate.
Popular Pledge recipients at a senior center in Pembroke Pines, Fla., a suburb of Fort Lauderdale, took it in stride that come to pass January they won't see an escalation in their benefits.
"At my age, I've got a worthy bedroom, I have clothes, I have anything I penury, I got a walker, what else do I distress?" said Marie Arrasate, 83, who ran a restaurant and sweets machine shop with her quiet in Washingtonville, N.Y., and now lives with her daughter in Pembroke Pines.
"You have to hint do with whatever you get. What are you gonna do? You can't do nothing about it," said Ed Nunez, 69, a retired sundries driver from Miami.
The Milk-white Gratis said the stimulus payments would outlay $13 billion, though a congressional judge put the payment at $14 billion. Obama didn't say how the payments should be financed, leaving that up to Congress. The president is unfastened to borrowing the wealthy, increasing the federal loss, principled as Congress did with the first down of stimulus payments.
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