- The Washington Times - Monday, October 19, 2009

ANALYSIS/OPINION:

The anti-capitalist clique constantly decries the bonuses paid to corporate executives when their companies do poorly. However, President Obama wants to give a cost-of-living allowance (COLA) bonus to Social Security recipients, even though inflation has been negative this year (“Obama seeks $250 for seniors,” Washington in 5 minutes, Nation, Thursday). It seems that it’s all right to pay bonuses to Social Security recipients in return for their votes, but it’s shameful to pay bonuses to corporate executives who may have had a bad year in earnings.

The political class seems incapable of just saying no when it comes to greasing the palms of the electorate for votes. The country, already verging on bankruptcy, will head even further down a rathole if Obamacare and cap-and-trade legislation pass. I hope Social Security recipients will understand that any COLA bonus they receive is being paid for by their children and grandchildren.

The word “sacrifice” is no longer in the lexicon of the political class. Instant gratification comes with a huge price tag for future generations of Americans.

JOSEPH R. FARRELL

Alexandria

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