Sunday, October 18, 2009

Pigs at the Trough

Barack Obama has proposed giving $250 to over 50 million recipients of government spending, such as people who receive Social Security or federal pensions.

Total cost: $13 billion.

One motivating factor is that Social Security recipients will have no cost of living adjustments, and the horror of that is causing politicians to consider this giveaway. But since the lack of a cost of living adjustment corresponds to a lack of inflation, which it is based on, there is no need for the handout.

But with fiscal discipline obliterated with a $1.4 trillion, what's another $13 billion when votes can be bought?

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