Responding to an announcement that the Social Security Administration will not provide a cost-of-living adjustment (COLA) in 2010 for Social Security recipients or disabled veterans, U.S. Rep. Charlie Dent (PA-15) has cosponsored H.R. 3691, the Seniors and Veterans Economic Stimulus (SAVES) Act of 2009. This legislation would provide a $250 payment to Social Security recipients and Veterans on disability using unobligated “stimulus” funds.

President Obama has expressed his support for providing this benefit. Under H.R. 3691, by using stimulus funds that are borrowed but haven’t been spent, the government would provide extra help to seniors and veterans without increasing taxes or adding to our nation’s ballooning deficit. The bill was introduced by Rep. Ginny Brown-Waite (R-FL).

“Since the stimulus funding has failed its original purpose — to stimulate the economy and create jobs — it makes sense to use the bill’s unobligated funds to help our deserving seniors and veterans,” Congressman Dent said.