Navigation Links
Economic Stimulus Package Offers Little Help to Seniors in Poverty
Date:1/28/2009

Workers Making $75,000 Would Get $500 in Relief; Seniors with Average Social Security Income of $13,836 Would Get Just $300

WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ -- The U.S. Senate version of the economic stimulus package would provide Social Security recipients and disabled veterans a one-time extra payment of $300.

The Senior Citizens League (TSCL) supports the $300 payment to seniors, but maintains that amount is insufficient to truly help the nation's poorest seniors. The average Social Security beneficiary receives just $13,836 per year, and more than 10 percent of seniors live below the poverty line.

TSCL is advocating for as much as $1,000 in relief for the nation's poorest seniors - the same amount couples earning up to $150,000 per year would receive.

A recent study released by TSCL found that seniors lost 51 percent of their buying power since 2000, a result of costs increasing more rapidly than the Social Security Cost of Living Adjustment.

"It's difficult to understand why the Senate would give the least money to the most vulnerable group in our economy," said Daniel O'Connell, chairman of The Senior Citizens League. "It seems clear that seniors - especially those barely getting by - are precisely the people that will stimulate the economy by spending their stimulus checks."

"We receive phone calls from seniors every day who are having a tough time paying for their prescriptions, groceries, and rent - these are the very people who need the stimulus most," said Shannon Benton, executive director of TSCL.

TSCL is concerned with one part of the Senate proposal: since workers would not pay a portion of their Social Security taxes, the Social Security Trust Fund would go into deficit spending as soon as 2010. TSCL encourages lawmakers to take the money required for this tax relief from the general treasury rather than the Trust Fund.

With 1.2 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. The Senior Citizens League is a proud affiliate of The Retired Enlisted Association. Visit www.SeniorsLeague.org for more information.


'/>"/>
SOURCE The Senior Citizens League
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Borosage Urges Progressives to Rally Around Obama Economic Recovery Plan
2. Congressional Leaders Can Look to Indiana for Innovative Approach to Health IT in Economic Stimulus Package
3. Family Planning Provision Wrongfully Removed From Economic Stimulus Package
4. Consumer Watchdog Calls on Google to Cease Lobbying Effort to Allow Sale of Patient Medical Records; Urges Congress to Adopt Privacy Protections in Economic Stimulus Bill
5. Providence Service Corporation Provides The Center on Budget and Policy Priorities Preliminary Analysis of Potential Medicaid Assistance for States in the House Economic Recovery Package
6. AMDL, Inc. Chairman & CEO Announces Expert Opinion on Chinas Economic Forecast
7. KPMG and Trintech Collaborate to Enable Bay Area Users Group of Trintech Customers to Optimize Their Investments in Technology and Deliver Improved Performance in Turbulent Economic Times
8. Economic Stimulus Bill Mandates Electronic Health Records for Every Citizen without Opt-out or Patient Consent Provisions
9. OrthoSynetics(TM) Same Practice New Contracts and Consults Growing Despite Economic Downturn
10. Technology Leaders Call on Congress to Support Investments in Digital Infrastructure as Part of Economic Stimulus and Recovery Plan
11. AHCA/Alliance Detail Components of Long Term Care Economic Recovery, Jobs Plan
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/31/2016)... ... May 31, 2016 , ... DDL, Inc. announced today it has expanded ... (A2LA) to include ISO 594-1 and ISO 594-2 testing for conical (Luer) fittings. ... connection between two medical devices (e.g. a syringe and hypodermic needle) that carry small ...
(Date:5/31/2016)... ... May 31, 2016 , ... ... diagnostics device that enables unprecedented portability and convenience. , The Cube is exceptionally ... cubed in size, the Cube fits easily into any space, whether in a ...
(Date:5/31/2016)... ... May 31, 2016 , ... The successful implementation of “lean manufacturing” in ... well. However, laboratories have different challenges compared to manufacturing environments. , In order ... lab, METTLER TOLEDO has developed the Lean Lab Checklist . This checklist will ...
(Date:5/31/2016)... FL (PRWEB) , ... May 31, 2016 , ... The ... wellness industry, today released ten predictions on the future of wellness, travel, spa and ... of top travel, spa and beauty companies to leading economists and researchers - to ...
(Date:5/31/2016)... ... May 31, 2016 , ... ... energies can describe personality traits in humans. Using presidential candidate Donald Trump as ... and vitality. , “AstroNumerology is not about adding numbers up,” says Kalsi. ...
Breaking Medicine News(10 mins):
(Date:5/31/2016)... 31, 2016 Diplomat Pharmacy, Inc. (NYSE: ... conversation slated for June 7, 2016, to take a closer ... noon to 1 p.m. ET, will focus on a man ... the road to wellness. The event is ... patients and health care professionals, talking about triumphs and the ...
(Date:5/31/2016)... May 31, 2016   Plexus Technology Group, ... anesthesia information management systems (AIMS), is pleased to ... as Vice President of Technology. In this new ... aspects of the company,s technological development. He will ... to determine the expansion of new products, product ...
(Date:5/31/2016)... York , May 31, 2016 ... essential ingredient in food, cosmetics and pharmaceuticals, with global ... revenues worth US$ 1.6 Bn. Demand for ... products, juices, and yogurts will continue its upward momentum ... trend will also boost positive sentiment on aloe vera, ...
Breaking Medicine Technology: