Robert Pear's article addresses the declining benefits to our elderly. He notes that this will be the first year, in three decades, that Social Security recipients will not get any increase on their benefits. Even Medicare trust funds are deteriorating. Last year, Social Security and Medicare totaled to one third of the federal budget, $1 trillion. We obviously don't have that money anymore, so our elderly is going to be severely impacted. President Obama's budget for the future also assumes no increase of pay toward Social Security and Medicare in the next few years.
I don't really know where to stand on this. I don't like the money that comes out of my paycheck to go to 70 year old women to play tennis in Florida but I just don't know what they expect to do with all the old people that are going to loose there homes, insurance, and necessities. Many senior citizens are already barely living on the money they make, so now with the decrease coming from government they will definitely be short. I just don't think the outcome will be helpful to our countries recession. I mean, what could be more important than keeping people alive; infrastructure....military?
I'm obviously far from comprehending our federal budget as a whole, but it doesn't seem right that seniors are suffering when they can't really do much about it.
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