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

With Ukraine, Putin is courting the home crowd
image Ayn Rand vs. Paul Ryan
image Fighting for us: The real stakes in Israel’s war
image Obama failed to stop the Islamic State when he had the chance
AEI on Facebook
Events Calendar
  • 28
    MON
  • 29
    TUE
  • 30
    WED
  • 31
    THU
  • 01
    FRI
Tuesday, July 29, 2014 | 10:00 a.m. – 12:00 p.m.
Is Medicare's future secure? The 2014 Trustees Report

Please join AEI as the chief actuary for Medicare summarizes the report’s results, followed by a panel discussion of what those spending trends are likely to mean for seniors, taxpayers, the health industry, and federal policy.

Friday, August 01, 2014 | 10:30 a.m. – 12:00 p.m.
Watergate revisited: The reforms and the reality, 40 years later

Please join us as four of Washington’s most distinguished political observers will revisit the Watergate hearings and discuss reforms that followed.

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