Obama calls for $250 payments to seniors

[Soggy in NOLA]

Ok, can we just say it.... this guy is in SO FAR OVER HIS HEAD IT IS RIDICULOUS.

 

[Ravi]

I don't see a problem with this. $250 might not sound like much but to someone living on a fixed income that won't be receiving an inflation adjusted rate next year it could benefit them. In my state there are a LOT of seniors and their property taxes are going up this year.

 

[RadiomanATL]

I don't see a problem with this. $250 might not sound like much but to someone living on a fixed income that won't be receiving an inflation adjusted rate next year it could benefit them. In my state there are a LOT of seniors and their property taxes are going up this year.

Yeah, except now we've added $12,500,000,000 to the deficit just by handing out $250 checks to seniors.

But really, whats a billion here or a billion there?

 

[xsited1]

Obama calls for $250 payments to seniors

Politicians like Obama are just amazing how they can create money out of thin air.

 

[Ravi]

I don't see a problem with this. $250 might not sound like much but to someone living on a fixed income that won't be receiving an inflation adjusted rate next year it could benefit them. In my state there are a LOT of seniors and their property taxes are going up this year.

Yeah, except now we've added $12,500,000,000 to the deficit just by handing out $250 checks to seniors.

But really, whats a billion here or a billion there?

If it stops another wave of foreclosures I'd say it's money well spent.

 

[RadiomanATL]

I don't see a problem with this. $250 might not sound like much but to someone living on a fixed income that won't be receiving an inflation adjusted rate next year it could benefit them. In my state there are a LOT of seniors and their property taxes are going up this year.

Yeah, except now we've added $12,500,000,000 to the deficit just by handing out $250 checks to seniors.

But really, whats a billion here or a billion there?

If it stops another wave of foreclosures I'd say it's money well spent.

$250 isn't going to stop a wave of foreclosures. Simply because if they couldn't afford the house in the first place, $250 isn't going to magically make them be OK for the rest of the terms of their mortgage.

Ravi, you know this. You're smarter than this. This was simply the Administration bribing out a voting block. No different than when any other Administration does it (see tax breaks and no-bids under previous admin).

 

[Zoom-boing]

Obama calls for $250 payments to seniors

Politicians like Obama are just amazing how they can create money out of thin air.

He's a gifted magician.

 

[WillowTree]

obamalama is trying to buy votes back.

 

[Ravi]

Yeah, except now we've added $12,500,000,000 to the deficit just by handing out $250 checks to seniors.

But really, whats a billion here or a billion there?

If it stops another wave of foreclosures I'd say it's money well spent.

$250 isn't going to stop a wave of foreclosures. Simply because if they couldn't afford the house in the first place, $250 isn't going to magically make them be OK for the rest of the terms of their mortgage.

Ravi, you know this. You're smarter than this. This was simply the Administration bribing out a voting block. No different than when any other Administration does it (see tax breaks and no-bids under previous admin).

I'm not talking about their mortgage payments. I'm talking about their property taxes. Many seniors have no mortgage or at the least a mortgage rate that doesn't change from year to year. Property taxes, in my state at least, are going up. If you don't pay your property taxes, you lose your house.

I don't know if you've noticed, but at this moment in time the main reason for foreclosures is now unemployment. The unemployed can't keep their own houses, and they can't help their parents keep their's.

Since SS payments are tied to inflation, and since there will be no adjustment for inflation next year...this little bit of money could very well mean that a senior can pay their property taxes.

 

[RadiomanATL]

If it stops another wave of foreclosures I'd say it's money well spent.

$250 isn't going to stop a wave of foreclosures. Simply because if they couldn't afford the house in the first place, $250 isn't going to magically make them be OK for the rest of the terms of their mortgage.

Ravi, you know this. You're smarter than this. This was simply the Administration bribing out a voting block. No different than when any other Administration does it (see tax breaks and no-bids under previous admin).

I'm not talking about their mortgage payments. I'm talking about their property taxes. Many seniors have no mortgage or at the least a mortgage rate that doesn't change from year to year. Property taxes, in my state at least, are going up. If you don't pay your property taxes, you lose your house.

I don't know if you've noticed, but at this moment in time the main reason for foreclosures is now unemployment. The unemployed can't keep their own houses, and they can't help their parents keep their's.

Since SS payments are tied to inflation, and since there will be no adjustment for inflation next year...this little bit of money could very well mean that a senior can pay their property taxes.

Then it sounds like they need to complain to their local government reps. Not be expecting a handout from the rest of America.

 

[Ravi]

Silly. Taxes are going up because revenues are down because the economy is in the toilet.

 

[saveliberty]

Ravi, the government says there was no inflation last year. That is why there is no increase in Social Security this year. If a senior's income is equal to last year's and there is no inflation, there is no income problem. They should have not had enough for property taxes last year.

Of course I understand that there actually was inflation last year. I can quickly point to about $800 billion in inflation generated by the GOVERNMENT. Obama wants to help seniors. He does this at the expense of children (they get to pay it back). Transparency here would be, the government over spent and generated inflation, so we are going to adjust SS.

 

[saveliberty]

Silly. Taxes are going up because revenues are down because the economy is in the toilet.

Revenues are down because 10% of the peolpe who had jobs now don't. They are spending less (less sales tax and income tax). Businesses have cut expenses (less sales tax and business taxes). Government is spending more, which slows lending to those who would liek to grow and create jobs.

Taxes are up because property taxes lag behind property values. Business taxes are up because government is raising the rates and/or creating new taxes on them. Please explain how taxes are up because revenue is down.

 

[RadiomanATL]

Silly. Taxes are going up because revenues are down because the economy is in the toilet.

I'm sorry Ravi, but thats just wrong IMO.

Property taxes are going up because the constituents voted in the kind of politicians who think raising taxes are the solution to any budget shortfall.

But here's the kicker, even if the seniors can't pay the property taxes now, there are plenty of payment plans, arrangements and hardship extensions available for property taxes. And if they can't come up with $250 using these additional resources, then they were already living well beyond the means they can afford.

 

[Screaming Eagle]

There has never been a wealthier group of people at any time on the face of the earth than America's elderly population, and we're giving them welfare payments??????????? What bullshit!

 

[Meister]

Obama calls for $250 payments to seniors

Politicians like Obama are just amazing how they can create money out of thin air.

Smoke and mirrors, Xsited...smoke and mirrors.

 

[Mr Natural]

Cheap bastard.

Bush gave each of us $300.

 

[Immanuel]

God damn Obama is going to turn all those seniors into SOCIALISTS

Just you watch!

That is the idea, isn't it?

Divide and conquer.

Immie

 

[RadiomanATL]

Cheap bastard.

Bush gave each of us $300.

It bullshit then too.

 

[Immanuel]

God damn Obama is going to turn all those seniors into SOCIALISTS

Just you watch!

Doubtful.
Most of them are smarter and wiser than you and Mr Obama put together.

If that were true we would not have all the socialistic programs we have today. They dangle carrots like this in front of the faces of the poor (many of whom are seniors) and say... "here you are. This is what the Democrats will do for you. The Republicans don't care about you at all, but we do. Now, don't you think we should give "free" healthcare to your grandchildren too? Republicans don't"

250 so they can buy some asprin to use when they are denied medical treatment due to rationing and of their age!!!

Does anyone other than me realize how retarded this argument is? "If the government provides health care for more people, old people will be denied care", ignoring the fact that, you know, the government already provides health care for the elderly.

Well, sumbitch, how about if the government sends $250 to everybody in the country?

I'm not picking on your posts, just responding as I read them.

Didn't President Bush do that... twice even?

Immie