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Thursday, October 29, 2009

Retirees receive more benefits from Obama administration


The Obama administration is spending $14 billion on senior citizens, a group that has survived the recession better than any other group. The president plans to send a $250 check to every Social Security recipient as part of his efforts to stimulate the economy. Obama has also proposed a no cost-of-living increase in their benefits next year. However, Obama’s economic advisers have questioned these plans, citing “entitlement reform,” the reduction of benefits that current law has promised to retirees, as the issue.

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