Sunday, April 19, 2009

Biden Gets Stimulus $$$

From Walter F. Roche, Jr. at the Pittsburgh Tribune-Review:
Vice President Joseph R. Biden Jr. announced last month that Social Security beneficiaries will get one-time $250 stimulus bonus payments beginning in May.
He didn't mention that he will be one of the recipients.
The annual tax returns for Biden and his wife, Jill, released last week, show he began collecting Social Security benefits in 2008. He became eligible for full benefits in November when he reached age 66. Social Security beneficiaries will receive their $13 billion share of the $787 billion Obama stimulus package as early as May.
Each of more than 50 million Social Security beneficiaries is entitled to $250 under the stimulus measure.
"These folks need the money," Biden said in announcing the payment schedule. "People are going to be actually spending that money."
Asked about Biden's decision to begin collecting benefits, spokeswoman Ann Marie Tomasini issued a brief statement: "Vice President Biden is eligible under the law to collect his full benefits at age 66."
Biden's annual Senate salary was $169,300 last year. He will earn $227,300 in 2009 as vice president. . . .
Social Security officials did not have statistics on how many people delay the receipt of Social Security benefits beyond the full eligibility date. Former Vice President Dick Cheney, who is a year older than Biden, did not list any Social Security income on his final financial disclosure statement filed a year ago.

No comments: