The $250 Check for Seniors
Newt Gingrich | Washington Post
October 18, 2009

    Download

"Let's run up the debt and taxes on our grandchildren!"

That could be the slogan of the Obama administration and the liberal Democrats who control Congress. On every front they are increasing spending, increasing taxes, or both.

The latest idea is to throw away $13 billion on a one-time $250 check per senior citizen. Someone should calculate the interest on the additional debt their grandchildren will pay over their lifetimes for this "free" gift.

We need a national debate on priorities and honesty. Young people will have a hard time finding jobs this year. Increasing the deficit will weaken the dollar and make job creation even harder. The Bush one-time check in 2008 did not help the economy. An Obama gift of our grandchildren's money to their grandparents won't, either.

Will no one in Washington learn the lesson that we need to control spending, cut taxes, keep interest rates low and create jobs? That is the Christmas gift every American needs.

Newt Gingrich is a senior fellow at AEI.

    Download
Also Visit
AEIdeas Blog The American Magazine

What's new on AEI

image The Pentagon’s illusion of choice: Hagel’s 2 options are really 1
image Wild about Larry
image Primary care as affordable luxury
image Solving the chicken-or-egg job problem
close

Join the AEI Media List

AEI's press office frequently sends press advisories highlighting the availability of scholars to discuss particular news topics, as well as recent AEI products (such as studies, articles, and testimonies). Please enter your contact information below to be added to our media list.
JOIN MEDIA LIST
AEI on Facebook
Events Calendar
  • 29
    MON
  • 30
    TUE
  • 31
    WED
  • 01
    THU
  • 02
    FRI
Monday, July 29, 2013 | 10:30 a.m. – 11:30 a.m.
Squaring the circle: General Raymond T. Odierno on American military strategy in a time of declining resources

AEI’s Marilyn Ware Center for Security Studies will host General Raymond Odierno, chief of staff of the US Army, for the second installment of a series of four events with each member of the Joint Chiefs.

Tuesday, July 30, 2013 | 12:00 p.m. – 1:15 p.m.
The Trans-Pacific Partnership and 21st Century Trade Agreements

Please join AEI for a briefing on the TPP and the current trade agenda from 12:00 – 1:15 on Tuesday, July 30th in 106 Dirksen Senate Office Building.

Thursday, August 01, 2013 | 8:10 a.m. – 1:30 p.m.
International conference on collateral risk: Moderating housing cycles and their systemic impact

Experts from the US, Europe, Canada, and Asia will address efforts to moderate housing cycles using countercyclical lending policies.

No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.