15 October 2010

Bonus Time

The federal government is about to get generous, again. Not happy that there won't be a cost of living increase in the transfer payments administered by the Social Security Administration--because the cost of living hasn't increased--Congress is about to give $250 dollars to each recipient of Social Security transfer payments. 58,000,000 people at $250 each comes to $14,500,000,000 (or $1.45 * 10^10).
It's like a christmas bonus, except the "employees" (transfer payment recipients) haven't produced anything, and the "employer" (Feds) also hasn't produced anything, especially profits, to disburse. They are taking more money from productive citizens (or future productive citizens) to give more money to millions of voters for doing nothing and whose costs haven't gone up.

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