Friday, October 16, 2009

Sanders praises Obama's Social Security plan

Senator Bernie Sanders is commending President Obama's call for Congress to approve payments of $250 to seniors to make up for not having an increase in Social Security next year. The Social Security Administration announced yesterday that there will be no cost of living increase in 2010. Increases are dependent on inflation, which has been negative this year. Sanders has been advocating for a one-time payment to make up for the lack of the cost-of-living increase. He says the $250 will equal about a 2 percent annual increase.