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	<title>Joel Grus &#187; inflation</title>
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	<description>will someday be a famous author</description>
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		<title>Obama: Let&#8217;s Borrow Money and Give it to Old People</title>
		<link>http://joelgrus.com/2009/10/14/obama-lets-borrow-money-and-give-it-to-old-people/</link>
		<comments>http://joelgrus.com/2009/10/14/obama-lets-borrow-money-and-give-it-to-old-people/#comments</comments>
		<pubDate>Thu, 15 Oct 2009 01:41:22 +0000</pubDate>
		<dc:creator>Joel</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[barack obama]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[social security]]></category>

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		<description><![CDATA[Great news, Senior Citizens! President Obama wants to give you $250! Why? Probably so you&#8217;ll vote for him again come 2012. There&#8217;s some sort of nominally non-tawdry reason, too. You see, by law, Social Security payments increase each year in a manner pegged to inflation. When Rascal Scooters and Life Alerts and diabeetus testing supplies [...]]]></description>
			<content:encoded><![CDATA[<p>Great news, Senior Citizens! President Obama <a href = "http://news.yahoo.com/s/ap/20091015/ap_on_go_pr_wh/us_social_security_obama">wants to give you $250</a>!  </p>
<p>Why?  Probably so you&#8217;ll vote for him again come 2012.  </p>
<p>There&#8217;s some sort of nominally non-tawdry reason, too.</p>
<p>You see, by law,  Social Security payments increase each year in a manner pegged to inflation.  When <a href = "http://www.youtube.com/watch?v=csuZHyW-iGI">Rascal Scooters</a> and <a href = "http://www.youtube.com/watch?v=52RHVQ9Ybqo">Life Alerts</a> and <a href = "http://www.youtube.com/watch?v=YXQaMaBxwRg">diabeetus testing supplies</a> and <a href = "http://www.youtube.com/watch?v=WNsBc7PBw5E">Centrum Silver</a> get more expensive, Social Security checks get bigger to compensate.</p>
<p>This year, however, prices haven&#8217;t gone up!  (According to government bean-counters, anyway.)  How will seniors get by if we don&#8217;t cut them extra checks?</p>
<p>Listen to the heartless fat-cats in Congress:</p>
<blockquote><p>&#8220;I think it would be inappropriate,&#8221; said Sen. Judd Gregg, R-N.H. &#8220;The reason we set up this process was to have the Social Security reimbursement reflect the cost of living.&#8221;</p></blockquote>
<p>Now, at least a few of our elected betters understand that not granting a cost of living increase just because the cost of living didn&#8217;t increase amounts to &#8220;turning our backs&#8221; on Senior Citizens:</p>
<blockquote><p>
&#8220;I think that the Obama administration and many members of Congress understand that we simply can&#8217;t turn our backs on senior citizens,&#8221; Sanders said.
</p></blockquote>
<p>I&#8217;m convinced!  </p>
<p>My only concern is where the President will get the $13 billion to dole out.  Last I checked government revenues were falling short of government expenditures by a trillion dollars, give or take.</p>
<p>But according to a &#8220;senior administration official,&#8221; Obama&#8217;s got this figured out too.  We&#8217;ll simply borrow the money!</p>
<p>Who wouldn&#8217;t want to risk their capital for a sure investment like &#8220;give free money to old people&#8221;?  Obviously it can&#8217;t compare with &#8220;pay people to destroy functional cars&#8221; or &#8220;give free money to everybody&#8221; or &#8220;give more free money to old people,&#8221; but in today&#8217;s investment climate, I dare you to find something better!</p>
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