So this is the deal….every year….the social security guys give out a raise….that goes hand in hand with inflation. Sometimes, it’s one percent. Sometimes, it’s two percent. Sometimes, it’s three percent. Well…this year…inflation was negative growth…first time since 1975.
So naturally, the government feels awful damn sorry and woeful over this lack of a pay raise for you folks over 65. So, in typical stimulus fashion….they are now chatting over a January $250 one-time check to be issued….which you can rush out and plan a trip to some casino, buy a new flat TV (the cheaper 32” type), buy a case of Jacky D’s on sale, or spend five days at some Orlando 2-star resort hotel.
The curious thing is that there was zero growth….in fact, negative growth. So there should have zero added onto the yearly payment, and no $250 payment. Instead, you have the mindset that we have to pay these kindly folks something…anything….to make things right.
What happens if next year’s growth is negative? Well…same deal….another $250 check for these retirees. And 2011? Same thing….could be another $250 check. The logic here is that you shouldn’t pay anything and just do things by the book, and save the nation $500 million or more. But we aren’t that ethical or capable….are we?
So my advice…when you get the $250 check….go over to the butcher and order up $250 of beef steak…at a discount….and make the beef ranchers of America happy. Every two weeks, you could enjoy a fine steak with a baked potato for most of the year. The money would stay in America and you’d actually enjoy the $250 over a lengthy period of time.
And if this isn’t your cup of tea….then get yourself a new set of tires made in the Philippines.