The $250 Check for Seniors

"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.

Also Visit
AEIdeas Blog The American Magazine

What's new on AEI

image The Census Bureau and Obamacare: Dumb decision? Yes. Conspiracy? No.
image A 'three-state solution' for Middle East peace
image Give the CBO long-range tools
image The coming collapse of India's communists
AEI on Facebook
Events Calendar
  • 14
    MON
  • 15
    TUE
  • 16
    WED
  • 17
    THU
  • 18
    FRI
Wednesday, April 16, 2014 | 10:00 a.m. – 11:00 a.m.
Calling treason by its name: A conversation with Liam Fox

Join us at AEI as the Right Honorable Liam Fox sits down with Marc Thiessen to discuss and debate whether America’s intelligence agencies have infringed on the personal privacy of US citizens.

Thursday, April 17, 2014 | 4:00 p.m. – 5:00 p.m.
The curmudgeon's guide to getting ahead

How can young people succeed in workplaces dominated by curmudgeons who are judging their every move? At this AEI book event, bestselling author and social scientist Charles Murray will offer indispensable advice for navigating the workplace, getting ahead, and living a fulfilling life.

Event Registration is Closed
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.