Bet you can't guess who got all that money? It sure wasn't the ones who needed it!

Thu Mar 4, 9:47 am ET

WASHINGTON (Reuters) – A measure to give some 57 million elderly people, veterans and persons with disabilities a $250 check was rejected by the Senate on Wednesday, a setback for the powerful seniors' lobby.

President Barack Obama has called for Congress to approve the payments to make up for their benefits not increasing this year, but the Senate defeated it 50 to 47.

The payments would have added $13 billion to a $108 billion job-creation package pending in the Senate.

Congress approved payments last year as part of the $862 billion stimulus package.

Social Security payments for the elderly and disabled will stay flat this year for the first time since 1975 because they are tied to consumer prices, which decreased amid the worst economic recession in 70 years.

That follows a year in which payments rose by 5.8 percent, largely due to a spike in gasoline prices.

"It is wrong to turn our backs on seniors in this moment of economic difficulty," said Independent Senator Bernie Sanders, who sponsored the amendment.

But Republican Senator Judd Gregg pointed out that the bill would defeat the purpose of indexing Social Security payments to inflation.

"The law says it shouldn't be given," Gregg said.

At least 10 Democrats agreed with Gregg and joined 40 Republicans to defeat the proposal.

So where did the money go??? To government employees, of course. Even though the Board of Labor said NO ONE should get a cost of living raise they gave themselves a hefty COL raise...Those who made $75,000 per year for doing nothing got a raise to $150,000 for doing nothing, while the elderly are left to decide "do I buy food or medication?" How long will they survive without either of them??? Or is this what they had planned? No food or no medication, either choice will be sure death and get rid of those who have to live on the meager amounts of money doled out each month.
Then there will be more for them (the government employees) to put in their pockets.....
Don't they realize that the Social Security money belongs to the people, Yes it is theirs,the citizens, and it was paid into the SS reserve which was taken from them while they worked. Withheld from their paychecks, same as it is today. The interest alone should cover the small amount of $250 each. It's a well known fact that only about10% to 25% (if that) of the people who paid into the SS will ever get to claim any of THEIR rightful money. Not to ask what will become of the money that is being taken out of every working man or womans wages today! Will they ever get one dime of it back?

Healthcare, who's in charge?

The Obama Administration offers a plan to revive healthcare reform ahead of a key summit with Republicans.

If not Socialism, what is it?

U.S. President Barack Obama launched a vigorous defense of his economic agenda on Wednesday, rejecting critics who call his policies "socialism". So what should we call it???

Federal Reserve Begins To Withdraw $2.2 Trillion

Federal Reserve Begins To Withdraw $2.2 Trillion From American Economy


The Federal Reserve Board faces a delicate task. Having pumped $2.2 trillion into the economy to fight the recession, it must start pulling that money back. It would have to sop up over half of that liquidity to get back to pre-recession levels.

The problem: Do it too quickly and the Fed might cut off or curtail the recovery. Wait too long and risk setting off a punishing round of inflation.

Ben Bernanke, as Fed chairmen typically do, gave only vague hints as to how he would accomplish that. In testimony never delivered to Congress because of this week’s blizzard but released anyway, it was clear that whatever the central bank does, interest rates are going up.

http://www.infowars.com/federal-reserve-begins-to-withdraw-2-2-trillion-from-american-economy/

War on the Dollar

Read the report....

http://finance.uncommonwisdomdaily.com/roi/war-on-the-dollar.php?

False Statements or just plain old LIES?

There are more people losing their jobs every day, losing their homes, and most are losing the faith they have in America. Even those who are receiving unemployment are finding it hard to get by or be able to afford gas to look for another job. My question is ...just when in the hell do the people get a decent break? Men who made $500+ a week only get $275 a week in unemployment??? That wont pay for rent and insurance on a car nor for food and gas....While the politicians give themselves a cost of living raise that they don't need, Older people who are trying to live on $600 a month from their Social Security got nothing...The rules must be different for the rich, they just get more and more while the little man dies from lack of food or medication. We were better off when Bush was in office. I say impeach the bastard and get rid of the crooks he has brought in to Washington D.C.

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