Social Security Won't Get Boost in 2011

Retire cheaply and luxuriously in a new country

(NEWSER) - Who says you have to spend your golden years in the US? Stretch every retirement dollar you've saved by heading overseas. Here are the seven best reasons, courtesy of US News:

• Live on the cheap: Get the most out of your retirement dollars by shipping out to inexpensive destinations such as Ecuador, Nicaragua, and Panama, and enjoy a comfortable lifestyle for $1,000 per month or less.

American people need to know 'we're broke'

(NEWSER) - House Republican leader John Boehner thinks the retirement age should be raised to 70 for those who still have at least 20 years to go in the work force. "We need to look at the American people and explain to them that we're broke," he tells the Pittsburgh Tribune-Review in a wide-ranging interview. He also thinks President Obama has alienated so many people that Republicans will win big in November. More»

Mass. veteran is 17th to decide against re-election bid

(NEWSER) - Joining 16 of his fellow House Democrats, Massachusetts Rep. William Delahunt says he will not seek re-election this fall. “It’s got nothing to do with politics,” Delahunt, 68, tells the Boston Globe . “It’s time.” And while Delahunt had to be talked into seeking re-election in 2008 by his friend, the late Sen. Ted Kennedy, the Globe notes that his district voted most lopsidedly for Republican Scott Brown in the January election to fill Kennedy’s seat. More»

Indiana senator says partisan bickering drove him out of politics

(NEWSER) - Evan Bayh won’t seek reelection, he announced today, saying he was sick of the partisan rancor in Washington. “My decision was not motivated by political concerns,” the Indiana Democrat said in a statement. “Even in the current challenging environment, I am confident in my prospects for re-election. But running for the sake of winning an election … is not good enough.” More»

With social security stagnant, Obama proposes payment to elderly

(NEWSER) - Seniors won’t be getting a boost in their Social Security benefits this January, but President Obama tried to head off that announcement yesterday by encouraging Congress to give them all a one-time $250 check. The administration sees these payments, which would cost the government about $13 billion, as another way to pump money into the economy without exposing itself to the criticism that would accompany a second major stimulus bill. More»