Why Senator Toomey Criticism of Retirees Receiving Stimulus Check is Flaw


Senator Pat Toomey

Senator Toomey stated that the theory of "lost income" is nonsense. He criticized the social security recipients, and claimed that social security was not negatively impacted by covid, therefore, retirees did not lose income, yet, they still received the stimulus check. Senator believes that it is not right.

The senator argument is flaw and shortsighted. Here is why:

Yes, it is true that retirees did not experience a change to social security income, however, believe it or not, retirees had other incomes beside social security. They have 401Ks, IRAs, pensions, and many people who received social security income still work. If there was no stimulus package and the federal reserve didn't step in, can you imagine what the stock market would be without any aid? That will have a direct impact on the retirement savings of these retirees.

Comments

United Nations' Blueprint to End Poverty: Achieving Sustainable Development Goal #1

Sustainable Development Goal #1 End Poverty Did you know we have just six years left to achieve the sustainable development goals? In 2015, 193 United Nations member states committed to addressing 17 goals for a sustainable future, with the top priority being the eradication of poverty. Since then, what progress have these countries made in combating poverty? While ending poverty sounds promising, is it truly feasible? Let’s explore this further. Recent statistics show that around 9.2% of the global population, or approximately 700 million people, live in extreme poverty, defined as surviving on less than $1.90 per day. Additionally, about 26% of the global population, or roughly 1.3 billion people, live in moderate poverty, which is defined as living on $1.90 to $3.20 per day. Significant strides have been made in reducing poverty and income inequality over the past few decades, with the percentage of people living in extreme poverty decreasing from about 36% in 1990 to 9.2% in...

Kanye West Claims Wife Kim Kardashian 'Tries to Lock Me Up'

On Monday evening, 43-year-old rapper, Kanye West wrote during in a tweet storm that his wife Kim K was trying to have a doctor "lock me up." "Kim was trying to fly to Wyoming with a doctor to lock me up like on the movie Get Out because I cried about saving my daughters life yesterday ," West wrote on Twitter, referring to his comments about North West during his first campaign rally over the weekend. "Kriss don’t play with me you and that calmye are not allowed around my children Ya’ll tried to lock me up," West wrote in one tweet , seemingly referring to his mother-in-law and her boyfriend Corey Gamble. A few minutes later, he added , "Kim tried to bring a doctor to lock me up with a doctor." "If I get locked up like Mandela Ya’ll will know why," West wrote in another tweet . "Everybody knows the movie get out is about me,' he also wrote.

What are the United Nations 17 Sustainable Development Goals?

United Nations 17 Sustainable Development Goals Sustainable Development is a term you might have encountered frequently, but do you really know what it means? If not, let me explain briefly. Sustainable development refers to economic growth that doesn't depletes natural resources or jeopardize future generations. Essentially, it ensures that today's decisions don't negatively impact tomorrow's people. This concept encompasses four main areas: human, social, economic, and environmental. Next Question! Have you heard of the 2030 Sustainable Development Agenda? It's a global plan that outlines 17 Sustainable Development Goals (SDGs) to achieved by 2030 for a sustainable future. This framework was adopted by 193 UN member states in 2015. The 17 goals aim to bolster local economies, protect the environment, and ensure the well-being of our planet for future generations. Examples include promoting renewable energy, making housing more affordable and accessible, recy...

Berenice Mulubah

Search This Blog