I sent this to AARP and, written somewhat differently, to my rep. and senators. Thought you all might like to see it.
On analysis, I think granting a lump-sum payment to us disabled and senior persons will have a more immediate effect on the economy than giving a Soc. Sec. payroll tax break to workers (especially rich ones). We will spend, therefore enriching business (often small ones!), therefore encouraging more or better employment.
I just sent an email to my New York senators and representative expressing dismay and concern about the tax compromise bill. There doesn't seem to be any relief in the bill for seniors and the disabled.
As you well know, there has been no COLA increase for Soc. Sec. recipients for the last two years. Congress and the President may be ignoring a significant population of this country who, although guaranteed part of their income, are nonetheless seeing less disposable income because of decreased retirement-plan benefits and still-rising prices in many areas. (In spite of what Washington may say, rents and prices in New York City are still climbing; my rent alone has increased about six percent in the last two years.)
We are spending less money. We are therefore an unwitting drag on the recovery.
The "what-used-to-be-just-tax-relief" bill being considered needs to include seniors and the disabled by granting us either an increase in Social Security benefits or a lump-sum payment. It could be payed for by reducing or eliminating the Social Security payroll tax rollback. Does it matter who spends the money? Yes - those who need it most are those less able to work. Spent this way, it will benefit the economy as a whole, helping to employ more of those more able to work and making life for us more comfortable. It is the right thing to do.
Please spread the word - we want this bill to include seniors and disabled. We don't want to be a drag.
Contact your representative and senators. Let's include everyone in economic recovery. And tell them to stop posturing and start working!!
