Earlier this month President Obama in front of congress suggested that they put together a plan that would send a second stimulus check to retirees and veterans. This check would be sent early next year in the form of a 2010 stimulus check.
This stimulus check would be sent out instead of a cost of living increase for retirees and veterans alike. Also a factor in the decision is that inflation has been negative as current recession that we’re in has been driving down prices of all goods in every market.
The total cost of the new proposed 2010 stimulus checks for Retirees and Veterans would amount to nearly 13 Billion dollars and would be included as part of the 787 billion dollar stimulus package started earlier this year.
A check of this size wouldn’t add a sizable economic growth to those receiving these checks, but it would be a good token gesture that the government is on their side. If people can see at least temporarily that they are helping, it can go along ways to ease the pains of the recession.
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