Stimulus in Action: $250 checks going to millions of seniors Thursday

[jefferson_dem]

$250 checks going to millions of seniors Thursday
Posted: 01:20 PM ET

From CNN's Lisa Desjardins

WASHINGTON (CNN) – Grandparents, retirees and struggling seniors have waited months for this.

Tens of millions of Social Security recipients will see their bank accounts jump by $250 starting Thursday, when the government began sending out checks and transferring funds for a one-time boost coming from the stimulus bill passed in February.

The payments are flowing to nearly 55 million seniors and retirees between now and June fourth, with a huge chunk of checks hitting the mail this week.

"Approximately half of them will be out in the next day or two," Social Security Commissioner Michael Astrue told CNN Thursday.

The money will arrive in the same way that each person receives their regular Social Security or Supplemental Security Income (SSI) funds. Thus, if a person receives a Social Security check in the mail, the $250 stimulus payment will also appear in their mailbox. An increasing amount of people use direct deposit, so many seniors and SSI recipients could see the $250 boost in their accounts immediately.

Social Security and SSI recipients make up the largest groups to get the stimulus money, but it will also go out to railroad retirees and disabled veterans. Those agencies will release the funds separately.

All told, the government estimates some 64 million Americans will receive the one-time stimulus checks this year, at a cost of $13 billion to the federal budget.

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http://politicalticker.blogs.cnn.com/2009/05/07/250-checks-going-to-millions-of-seniors-thursday/

[Inchworm]

1. I'll believe it when I see it

:D

Last year's was applied to a student loan.

:grr:

[Old Codger]

3. Got mine

Today....

[DesertFlower]

5. i got mine today too.

i really don't need it so i will donate it to charity.

[CountAllVotes]

2. my husband's $ showed up today!

$250.00 YES.

It helps and thank you Mr. President! :D

:dem: :kick:

[Milspec]

9. I got my SSI Wednesday

[katmondoo]

4. I really, really need it.

[Dr.Phool]

6. Railroad Retirement sent me a letter the other day.

They said I'll probably get mine towards the end of the month.

Good thing. State Farm really shook me down this month.

[mrcheerful]

7. I and the SO haven't go ours yet, no big deal as it is going on the

Consumers bill, we have to either put both checks on the bill or face a summer of paying $300 Consumers bills for the winter protection plan. Seems Consumers miscalculated our energy usage all winter and had us paying $77 a month on our Consumers bill, I was paying $100+ a month trying to keep the bill down but still ended up owing almost $900 that has to be paid by October. Theres no way we can afford to pay $300 a month.

[Scurrilous]

8. My ancient mother got hers today.

Called me up to tell me the good news. :thumbsup:

[Undercurrent]

10. Mine popped up in my bank account today too.

I'm spending mine on a bit of lumber to finish remodeling my kitchen cabinets, and the materiels I need to finish the sofa I'm making.

I'm grateful to be able to finish these projects!

[johnnie]

11. What's going to happen to all those checks that get sent back...

..from all those seniors that were teabaggin' last month? :shrug: