President Obama plans to press Congress to provide $250 payments to 57 million seniors, veterans, and people with disabilities next year. The effort will likely cost $13 billion, but will help offset the cost-of-living increase that will be absent from Social Security checks at the beginning of 2010.
Cost-of-living increases have been added to Social Security checks for many years. They are added to keep up with the rate of inflation. However, for the first time in three decades, the increase won’t be added because of a drop in prices, as well as deflation occurring due to the financial crisis of 2008.
Analysts predicted that the lack of a yearly increase would hit recipients hard because they rely on it to keep up with the elevated Medicare Part B premiums and other cost increases. In September 2009, Democratic lawmakers pushed for legislation that would offer beneficiaries a one-time payment of $150 to offset the costs. However, President Obama wants to up the payment to $250 because he feels it will better reflect the 2 percent increase checks that will be missing.
According to President Obama, since it’s possible that the funds to finance this payment will come out of the original $787 billion package (there are still unused funds available), those who would receive the payment may not be eligible to receive money from any other stimulus-related programs in 2010.
If the proposal passes in Congress, the payment will be sent to Social Security beneficiaries, Supplemental Security Income beneficiaries, veterans’ benefit recipients, public-employee retirees, railroad retirees, and disability beneficiaries.
If you are on SSI or SSDI and between the ages of 24 and 64, you may qualify for a ticket to work. The ticket to work program is an employment program for people with disabilities who are interested in going to work. One company that is working with the Social Security Administration to raise awareness of the Ticket to Work Program is J. Lodge Corporation. J. Lodge is a quality call services company that incorporates an employee model consisting of Americans on SSI and SSDI. By using their educational and business experience; employees are able to pursue a work from home, part-time career. J. Lodge is currently expanding. They are looking for individuals who are interested in their company and who qualify for positions. If interested, please visit jlodge.com/careers and apply online.
This country is losing what-ever credability it has had in the world and now at home. We cannot trust an organization that gives tenure, personal vote wage increases and tens of thousands on research into the origin the solar system. i would dearly love someone, who would really recognize us, the people, to be the government of this country. We have now a case of the tail waggin’ the dog. I suspect that unless we cut ties with outside interests, our insides are going to get cancerous and die