Tuesday, April 21, 2009

Free money to end Great Depression II

"Good News! The porkulus bill the President Obama signed into law in February 209 provides for a one-time payment of $250 to Social Security beneficiaries".
Lead sentence on a note from the Social Security Administration that hit my mailbox yesterday. Wow. $250 in free money. I didn't know that little bennie was hidden in the porkulus. I'll take it, I mean who turns down free money?
Will I go out and spend my free money to stimulate the economy? Not likely. It goes into the checking account and will pay bills. There are always bills to pay.
How much did this add to the national debt? If there are 10 million SS recipients, the cost is only $2.5 billion, a pittance compared to the $787 billion porkulus bill.

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