Results 1 to 2 of 2
  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    37,633
    Rep Power
    858

    Default Obama renews offer to cut entitlements to end budget cuts

    This is not good! I have family members that depend on these programs.

    Signaling he might be ready to explore a compromise to end automatic spending cuts that began late Friday, Obama mentioned reforming those entitlement programs in calls with lawmakers from both parties Saturday afternoon.

    "He's reaching out to Democrats who understand we have to make serious progress on long-term entitlement reform and Republicans who realize that if we had that type of entitlement reform, they'd be willing to have tax reform that raises revenues to lower the deficit," White House senior economic official Gene Sperling said Sunday on the CNN program "State of the Union."

    Republicans have long argued that the only way to tame budget deficits over the long haul is by slowing the cost of sprawling social safety net programs.

    Those include the Social Security retirement program and Medicare and Medicaid health care programs for the elderly, disabled and poor that are becoming more expensive as a large segment of the U.S. population hits retirement age.
    http://news.msn.com/politics/obama-r...nd-budget-cuts
    Last edited by ABFwife; 03-04-2013 at 08:48 AM.

  2. #2
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    12,754
    Rep Power
    304

    Default Re: Obama renews offer to cut entitlements to end budget cuts

    Doesn't the last line speak volumes ?

    Government red ink also rose over the past decade after the enactment of across-the-board tax cuts in 2001 and 2003 secured by President George W. Bush.
    With tax cuts benefiting wealthy individuals and corporations the most, and increased spending, what did anyone really expect to happen ?

 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101