Daily News Article - October 15, 2009
1. a) Define inflation.
b) Why has President Obama asked Congress to approve government payments of $250 each to senior citizens?
2. How much will this cost the federal government in total?
3. How does President Obama plan to finance this payment to senior citizens?
What is President Obama's plan to finance this payment to seniors?
4. Why does Independent Congressman Bernie Sanders support the extra payment to senior citizens?
5. Why is Republican Senator Judd Gregg opposed to the extra payment to seniors?
6. By sending senior citizens a one-time payment, the government side-steps the law which regulates increases in social security payments. President Obama says seniors need the payment due to falling home values and shrinking retirement accounts/investment portfolios. As a citizen who will be paying for the government's debt in the future, what do you think of the President's plan?
7. a) Ask a parent's opinion of this payment to seniors.
b) Try to ask several senior citizens (or at least one grandparent) if they support the President's attempt to assist them with this $250 payment.