The AARP released a report in December 2008 entitled
The Impact of the Financial Crisis on Older Americans.
Key recommendations were to unblock the credit channel, extend
unemployment benefits, increase nutrition benefits, prop up Medicaid
and other social programs, and, most importantly, implement a
streamlined form of mortgage relief. Secretary of the Treasury Tim
Geitner's press conference yesterday outlined the details of the $1
trillion stimulus package. The package includes a large commitment to
transparency and social reform, as well as mortgage relief. This is a
long-term effort, and requires the patience, trust and the commitment
of the American people to help 'turn this world around'. [
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Written by eldering at News
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