Blog Stage Four

Good news "New Push on Social Security Benefit Checks" for those who receives social security benefit. President Obama and Democrats decide to give out a $250 bonus checks to 58 million recipients on this Friday Oct. 15th. Social Security Administration said that they didn’t raise the benefit this year because the overall economy stayed lower than in year 2008. In year 2008, when overall inflation rate increased such as increasing in gas price of $4 per gallon. The increase of 5.8 percent for the social security benefit in year 2009 was the largest increase in 27 years, but following year the gas price drop to around $2 per gallon and now since overall inflation is lower than before, there was no reason to increase the benefit. By the associated press posted; the benefit will not increase until the consumer price rise higher than in year 2008.

I understand why governments don’t increase the social security benefits. Today U.S. economy trend is keep going down a hill, everyday there is people get fire from their jobs and do not have place to work. No incomes means there are no money to pay the tax and no reason to pay. The social security benefit is not paid from the governments, is from my pocket and as yours. If the social security benefit rise, that means I have to pay the more tax than now. I heard that after 30 years, when people to get social security benefits, government not will not have enough funds to run this program any more. I think it is unfair to me and my age group.