Obama asks Congress to back new payments to elderly

I'm earning the maximum of my SSDI and it's NOT enough to pay the bills.

I dont care what they say inflation hasnt slowed down.

Sure some prices are the same per package, but the packages keep shrinking.

Every little bit helps when you are "robbing Peter to pay Paul"!! Might keep my head above water a little longer, (and I do mean little) Thank you Pres. Obama for keeping us in the front of your mind!!! That cost of living raise is going to be sorely missed this year.

It's better then nothing and that's about all it is. The formula used for SS increases needs a major overhaul to bring it to reality.

i will repeat what i posted on another thread like this,.$250 bucks..buys you one basket of groceries today..if you are careful and shop at a cheap store! and as someone else posted and i will borrow..it is the tip one of the wall street boys will pay for one dinner!

14 October 2009
Wall Street Set to Pay a Record $140 Billion In Bonuses Topping 2007

http://jessescrossroadscafe.blogspot.com/2009/10/wall-s...

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yes...lets see how the big boys have made out..while grandma and grandpa's savings and 401's aren't worth shit today.........

http://www.democraticunderground.com/discuss/duboard.ph...

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YES LETS LOOK AT WHAT THOSE SENIORS PAID FOR FOR THE BIG BOYS ..WHILE LOSING THEIR LIFE'S SAVINGS...

I can tell you this..what my family has lost ..$250. would mean jack shit! and less than jack shit!

Goldman Sachs bonus blowout; $23 billion: Enough to pay for healthcare for 1.7 mil families

http://www.democraticunderground.com/discuss/duboard.ph...




http://rawstory.com/2009/10/goldman-sachs-2009-bonuses -...

Yesterday, we brought you the insurance company that wouldn't insure a 17-pound infant because he was too heavy. Today, we bring you the investment bank that manages to double its bonuses during the worst recession since the Great Depression.

On Thursday, Goldman Sachs will announce the firm's bonus payments for 2009. Analysts expect the bonus pool to mushroom to $23 billion -- double the bonus pool paid to employees in 2008. Earlier this year, Goldman Sachs said that it had put aside $11.4 billion for bonuses during the first half of the year.

“The absolute size of compensation payouts will rise significantly,” Keith Horowitz, an analyst at Citigroup, wrote in a note to clients two weeks ago, highlighted by Andrew Sorkin in The New York Times' dealbook column Tuesday.

How much is $23,000,000,000?

For one thing, it's enough to send 460,000 full paying students to Harvard University for one year, or 115,000 for four years.

It's enough to pay the health insurance premium for the average American family ($13,375) 1.7 million times.

It's enough to upgrade 191 million computers to Windows 7 operating system (priced at $119.99), or to buy 115 million iPhones at $199.99 (provided the recipient was willing to sign a two-year contract).

Or, apparently, it's enough to reward the employees of Goldman Sachs for a bonanza trading year, at a firm where average employee compensation was recently $622,000 -- and likely to be greater this year.


The $23 billion figure could leave some American taxpayers woozy -- the US government bailed out Goldman Sachs with a multi-billion payment last year, which the firm has since repaid.

But while Goldman is likely to pay its biggest bonuses ever to employees, the firm pays very little in taxes worldwide. In 2008, the company was said to have paid just $14 million in taxes worldwide, and paid $6 billion in 2007.

The firm's corporate tax rate? About 1 percent. According a prominent tax lawyer, “They have taken steps to ensure that a lot of their income is earned in lower-tax jurisdictions.”

Sorkin says Goldman's CEO is trying to hold off criticism by making a big charitable donation.

"Now there’s talk inside Goldman that it is considering making a huge charitable donation — perhaps more than $1 billion — as a way to help deflect the criticism," Sorkin says. "Such a donation would be a welcome gesture that would no doubt benefit many needy organizations. But it would most likely be seen for what it is: a one-time move to draw attention away from where most of the money is really going. A large charitable donation also raises questions about the company’s fiduciary duty to its shareholders; it could be seen as giving away profits that ostensibly belong to them."

http://rawstory.com/2009/10/goldman-sachs-2009-bonuses -...

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this is the dog bone being thrown to the little old folks.......and it is an insult.

PROMISE BROKEN. Mr Obama said he would end income tax for the elderly making less than $50,000 per year, thereby eliminating taxes for seven million of them. This has not been part of his economic stimulus bill, his first budget outline or any legislation proposed by the White House.

insulting.

Maybe you would have rather it stay flat or drop, but some people are feeling a little better.

Now, is it OK for Obama to push for the money for seniors?




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