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Income Redistribution: Bribing Seniors

Income Redistribution: Bribing Seniors


Put it on the tab. In effect, this is what the Nancy Pelosi-led Democrats in Congress and the Obama administration said once the news hit that Social Security recipients won't receive a
cost-of-living adjustment (COLA) for 2011. Simply put, economic
indicators showed that prices hadn't increased enough to exceed the
generous COLA in 2009.


However, this is election season and the Beltway Democrats aren't above buying votes. For the second year in a row, Pelosi and Obama have asked that a $250 lump sum payment be sent to all
58 million Social Security recipients. Cost to the treasury: another $15
billion.


An age-old trick in the Democrats' playbook is to accuse Republicans of wanting to end Social Security, and this payoff ploy is a variation on the theme -- now Democrats can campaign by
instilling the fear that Republicans will stop this in the upcoming
lame-duck session. Whether this deception will convince enough seniors
to prevent a Republican tsunami at the ballot box remains to be seen,
but Democrats obviously don't feel they have run out of our kids' money
yet.


Patriot Post Article...

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