COLA Zero (Cont.)

I’ve previously criticized President Obama for proposed a $250 payment to Social Security recipients, and others, who will not be increasing a cost of living increase in their benefits this year due to the lack of measured inflation.  I’m disappointed, but frankly not surprised, to see that Republicans also appear to be going along with the proposal. They just want to pay for it from existing “stimulus” funds, rather than new borrowing.  In the interests of even-handedness, then, I make this post to criticize congressional Republicans, as well as President Obama and congressional Democrats, for their profligate ways.  Republican leaders may talk tough about fiscal responsibility and reining in spending, but when the time comes to stand up for that principle, in a way that might cost them some political capital, they are no more resolute than the most big-spending liberal — but are a heck of a lot more hypocritical.

American taxpayers should despair about the irresponsible individuals running our national government.  The bailout bills and stimulus bill were like the crack cocaine of spending legislation:  once members of Congress and the Administration saw how easy it was to enact massive, rushed, poorly vetted spending bills, their solution to every economic problem, and every political problem, is to enact legislation that shovels money that the federal government doesn’t have to individuals and entities who don’t really need it.  With all due respect to senior citizens, they are, as a group, no more in need as a result of this recession than any other demographic group.  There is simply no reason to spend $14 billion to give them an additional $250 — other than to curry political favor with a group that votes.

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