General Discussion
In reply to the discussion: So I opened my paycheck today---well---actually I get direct deposit.... [View all]Sunlei
(22,651 posts)The extra (about 50.00 a month for me) did make a difference to my local economy. I spent that money. I think anyone living paycheck to paycheck also spent theirs.
SS is a benefit not an entitlement. It is a solvent fund. I resent the way republicans always try to make that fund look like an entitlement and try to privatize it for profit. Like they did with prisons and will do soon with education vouchers.
I also think the cap to pay into ss should be raised above the 1950s cap of 113k a year. It should be about 400k a year same as the new 'middle class tax break amount'.
People of means, the very wealthy like Romney should not get a guaranteed SS check unless they lose their wealth.
At the time I think the stimulus package was desperately needed it provided a lot of jobs in my community. We got a new road from that Federal money. The extra bit of spending money from a bit less SS helped too.