I remember Democrats scoffing at GWB's on-time tax refund checks last year. I agreed with them at the time, thought potentially for different reasons, saying that one-time rebates are far less attractive than permanent rate changes, and a rebate that just increased the national debt was robbing Peter to pay his dad.
So I am not sure how the Democrat's explain this any differently (from an email I got from the SSA)
On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009. This new legislation provides a one-time payment of $250 to Social Security and Supplemental Security Income beneficiaries.
Over 60 million beneficiaries will receive a one-time payment. We expect all payments to be delivered by late May 2009. To assist us in issuing these payments as quickly as possible, beneficiaries should not contact Social Security unless they do not receive their payment by June 4th. As we move to implement the new legislation, we will continue to provide updates to keep you informed of our efforts in this area.
You can learn more about these one-time payments at www.socialsecurity.gov.
We ask that you share information about these efforts with members, colleagues and any parties who would find them of interest.
I look forward to the opportunity to discuss this important legislation with you.
for External Affairs
The only difference I see is 1) the rebate is going to a lot of people who do not even pay taxes and 2) by giving it to social security beneficiaries, the generational wealth transfer is all the more stark. Now we are robbing Peter to pay his grand-dad.