Wednesday, December 8, 2010

Tax cuts for the rich, or a $250 check for senior citizens...which costs more?

This year is the second year that Social Security will have no cost of living allowance (COLA), so House Democrats put forth a proposal to give senior citizens a one-time $250 check - a senior stimulus bill, aka pay your electricity bills.  But Republicans said the $14B price tag was too expensive and prevented it from being fast-tracked, which in all likelihood means that it is dead come next year.

Republicans - unaware of what hypocrisy means - have been pushing all year to either extend the Bush tax cuts for the wealthy, or make them permanent, to the tune of $55B a year.

So while Democrats would like to take from the rich to give to the poor, Republicans would like to take from the poor and give it to the rich, then blame Democrats for the growing federal debt.

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