Thursday, February 14, 2008

Senior benefit costs up 24%

USA Today reports:
The cost of government benefits for seniors soared to a record $27,289 per senior in 2007, according to a USA TODAY analysis.

That's a 24% increase above the inflation rate since 2000. Medical costs are the biggest reason. Last year, for the first time, health care and nursing homes cost the government more than Social Security payments for seniors age 65 and older. The average Social Security benefit per senior in 2007 was $13,184.
Now you know why the seniors vote.Voting allows them to extract money from other less "tear jerk" appeal groups.