Friday, December 10, 2010


LA Times:

""""A proposal to provide Social Security recipients with a lump-sum payment of $250 as a modest income boost in difficult economic times was blocked Wednesday by Republican-led opposition in the House and Senate.

The measure would have provided the one-time payment to 54 million Social Security recipients in lieu of an annual cost-of-living adjustment.

This is the second consecutive year that the cost-of-living adjustment has not been awarded, a result of the country's low inflation rate. Last year, Congress authorized a $250 payment to each recipient as part of the economic stimulus measure.

President Obama and congressional Democrats urged Congress to send another round of payments, but Senate Republicans had vowed to block Democratic-backed legislation that does not concern tax cuts and government spending.

The bill, which required 60 votes to pass in the Senate, failed on a 53-45 vote late Wednesday afternoon. Independent Sen. Joe Lieberman of Connecticut and Democratic Sens. Russell D. Feingold of Wisconsin, Kay Hagan of North Carolina, Mark Udall of Colorado and Mark R. Warner of Virginia joined Republicans in voting against the bill.

Warner's office said he voted against it on the basis of its cost, estimated at $13 billion. Other Democrats did not respond to requests for comment.

Most Democrats said the rejection of the proposal stood in contrast to a pending deal in which the wealthiest earners would continue receiving a tax break.

"People are wondering how it could be that we could provide a million dollars in tax breaks to the richest people in this country but we couldn't come up with $250 for struggling seniors and disabled vets," Sen. Bernie Sanders (I-Vt.) said before the vote.""""
“Wish a miser long life, and you wish him no good.” Ben Franklin

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