WASHINGTON – House and Senate Republicans on Wednesday thwarted Democratic efforts to award $250 checks to Social Security recipients facing a second consecutive year without a cost-of-living increase.
President Barack Obama and Democrats have urged approval of the one-time payment, saying seniors barely getting by on their Social Security checks face undue hardships without the COLA increase.
But most Republicans contended that the nation couldn't afford the estimated $14 billion cost of the payment, and that the COLA freezes in 2010 and 2011 come after seniors received a significant boost in 2009.
http://news.yahoo.com/s/ap/20101208/ap_on_bi_ge/us_social_security_no_cola
Great minds discuss ideas; average minds discuss events; small minds discuss people. - Eleanor Roosevelt