Yesterday President Obama announced his plans to address the mortgage crisis. It is the second phase of an all out effort to fix the troubled economy. This comes after Congress voted to pass the American Recovery and Reinvestment Act of 2009 and the President signed the bill into law. AARP and our 40 million members were declared a "key vote" in this decision. Hurray! Nancy LeaMond, AARP Executive Vice President, released this statement:
"Unprecedented job loss, loss of savings and investments, and rising numbers of uninsured individuals has forced every American to take notice of this dire moment in history. The passage of the American Recovery and Reinvestment Act of 2009 is a critical moment for Americans young and old and a vital jump start to our ailing economy. AARP is pleased to see that Congress included a $250 economic recovery payment for older Americans, veterans and people with disabilities who are not eligible for the Make Work Pay credit."
Read the whole statement here, as well as a list of the most important pieces in the legislation that will benefit older Americans. In the meantime, keep an eye on AARP's government watch site to check out how your officials voted on the legislation.