Friday, October 16, 2009

Obama will provide the elderly by $ 250


Barack Obama has asked Congress to provide additional grants of 250 dollars for 57 million Americans: the elderly, veterans and disabled.

The initiative of the President related to the decision not to increase in 2010, social payments, wrote Los Angeles Times.

Social Security benefit increases in the U.S., depending on inflation, and inflation in the U.S. in 2009 was negative. Since the law prohibits the reduction of their benefits, they remain the same - the first time since 1975.


Obama's proposals to grant equivalent to 2 per cent of the average amount of funds allocated to the person within the social security, reports Lenta.ru.

According to the president, the program of additional grants worth 13 billion dollars will not cause damage to social security fund. How to finance such a program, the White House did not say.

"Even during the struggle for the restoration of the economy, we must remember the interests of those for whom the recession hit hardest," - said in a statement Obama.

Democratic leaders endorsed a proposal by Obama, but Republicans have treated more skeptically. Senator from New Hampshire Judd Gregg recalled that social benefits have been specifically linked to changes in the subsistence minimum, and because the proposed "compensation" out of place.

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