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It has no chance because it fixes nothing and is just a giveaway. If the intent is to draw attention to the issue I have no problem with that.
The issue is no COLA increase, which can have a real difference to very low income recipients and others of us not much or at all. The "stipend" would be spent, no doubt, which puts dollars back in. It doesn't "fix" anything; it's a gesture to balance the situation a bit.
(2) NO DOUBLE PAYMENTS.—An individual shall be paid only 1 payment under this section, regardless of whether the individual is entitled to, or eligible for, more than 1 benefit payment described in paragraph (1).
The limitations are here:
Quote:
[LEFT](1) ELIGIBILITY.— [/LEFT]
(A) IN GENERAL.—Subject to paragraph (4)(C), the Secretary of the Treasury shall disburse a payment equal to the amount described in subsection (e) to each individual who, for any month during the 3-month period ending with the month which ends prior to the month that includes the date of the enactment of this Act, is entitled to a benefit payment described in clause (i), (ii), or (iii) of subparagraph (B), or is eligible for a SSI cash benefit described in subparagraph (C).
The payment amount is here:
Quote:
(e) Payment amount.—The amount described in this subsection is the amount that is equal to 3.9 percent of the average amount of annual benefits received by an individual entitled to benefits under title II of the Social Security Act (42 U.S.C. 401 et seq.) in calendar year 2015, as determined by the Commissioner of Social Security, rounded to the next lowest multiple of $1.
For example, I would get about $577 for VA Disability.
The issue is no COLA increase, which can have a real difference to very low income recipients and others of us not much or at all.
No COLA increase was warranted for 2016.
People need to learn to alter their life-styles, rather than enabling people to engage in all manner of bad or contradictory behaviors.
Quote:
Originally Posted by RiverBird
Capitalism requires all economic levels, from high to low (and there will always be high to low), to function.
No, it does not. Capitalism is merely a Property Theory demonstrating that Capital is used most efficiently and responsively when in the hands of private individuals.
The Free Market System, which is merely one of three Economic Systems that may be utilized with Capitalist Property Theory does not require all economic levels, either.
Quote:
Originally Posted by RiverBird
Economic advancement requires economic opportunity, or else there is oppression and societal dysfunction.
The US is teeming with Economic Opportunity.
It isn't my fault there are people who have no desire to take advantage of the plethora of opportunities.
The fact that they willingly chose not to participate in myriad opportunities available to them is not a reason to shower them with money taken from other people.
Everyone knows they will retire one day. It's up to them to determine the circumstances of their retirement. If they choose to "live for the day," instead of saving for retirement, then that is their business, but again, it is not a reason to shower them with money taken from other people who acted responsibly.
This gimmick by Warren will not resolve any short or long term problems.
Didn't something like this happen several years back? Congress in light of nil to no COLA increases gave out lump sum payments to SS recipients?
Problem one sees this time around is there is plenty of pain going around economically. You have employees getting nil to little in terms of wage increases; yet Senator Warren wants to give those already getting a steady check more.
Yes, there wasn't a COLA increase this year nor much of one if any the past few IIRC because of low inflation. However during periods high inflation person saw their checks grow in response to generous COLA increases.
Point am making is things are tough all over, I for one certainly wouldn't turn my nose up at a check for $500 to $700.
I remember a time, not so long ago, when a Republican Prez gave out $300 and $600 tax rebates. I guess he was a socialist, too.
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