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This is a quote from an article in the AARP bulletin:
The Economic Stimulus Plan: What It Means to You
"What it means to you:
If you’re receiving Social Security benefits because you’re over 67 , or SSI benefits, or are a disabled veteran, you would qualify for a $300 one-time payment. This would likely be distributed as an additional payment. "
Is this a typo or is our senate completely daffy?
Does this mean that social security recipients between age 62 and age 67 do not qualify for the $300 bone for seniors in the $900,000,000,000 "stimulus" plan? We would also not qualify for the $500 for workers unless we are able to find and keep a job while collecting social security in our sixties.
It's also unlikely we would qualify for the tuition credit nor the first time home buyers credit.
AARP is encouraging us to contact our elected representatives and urge them to vote for this stimulus plan. Can anyone tell me why a senior with grand children or concern for our nation's future should support this plan? It's a hog to be fed with borrowed money.
From what they say there is a lot of money sitting practically stagnant in cash.
The Arabs had billions in our markets and Cramer on the stock-market channel said at one time that there is a group of billionaires as small as they are ( like 5%) can influence the markets greatly.
After Clinton's term was up, the big investors took their profits and left the small investor hanging. At that time the small investors were told to hang-in-there cause they might miss the big turn around in the markets---so they did that and consequently lost a bundle. It was said it might take them 10 years to recover if they even did.
Suzie Ormand now preaches if your stock goes down 15-20 % then time to ditch.. The market did turn around for a while when the FEDS stepped in and the confidence came back into the markets but it didn't last and people started withdrawing from the markets once again and the ones that HUNG IN THERE have lost half their portfolios.
Merrill Lynch was considered a BUY and look what happened to them. Leiman Bros had a 4 or 5 star rating and they went bust. That alone shows how much the people who invest for other's know -----they are gambling with someone elses money and nothing more than that. .