Web Toolbar by Wibiya Obama says budget that cuts Social Security and Medicare benefits aims to reinvigorate middle class

The Cuckoo's Nest

Conspiracy UFO Alternative News Paranormal Debate
 
HomeCalendarFAQSearchMemberlistUsergroupsRegisterLog in



Share | 
 

 Obama says budget that cuts Social Security and Medicare benefits aims to reinvigorate middle class

View previous topic View next topic Go down 
AuthorMessage
I⊥∀NIW∩LLIʞ
Admin
Admin


Posts : 1386
Reputation : 3
Join date : 2012-12-27

PostSubject: Obama says budget that cuts Social Security and Medicare benefits aims to reinvigorate middle class   Sat Apr 06, 2013 4:02 pm



US President Barack Obama said on Saturday his budget blueprint due to be unveiled next week will aim to reinvigorate America’s middle class while introducing reforms to curb the mushrooming deficits.

“Our top priority as a nation, and my top priority as president, must be doing everything we can to reignite the engine of America’s growth: a rising, thriving middle class,” Obama said in his weekly radio address. “That’s our North Star. That must drive every decision we make.”

The comments followed reports that in his budget proposal, Obama will make key concessions to Republicans by offering to cut some entitlement programs like the Social Security retirement program and Medicare, a health care plan for the elderly.

According to a senior administration official, the president’s fiscal blueprint will slash the deficit by $1.8 trillion over 10 years, in what the official described as a “compromise offer” that cuts federal spending, finds savings in Social Security and raises tax revenue from the wealthy.

While the annual budget deficit is projected at 5.5 percent of gross domestic product for the fiscal year ending in September, under the Obama budget, that would decline to 1.7 percent of GDP by 2023.

Combined with the $2.5 trillion in savings already achieved since negotiations in 2010, the Obama budget would bring total deficit reduction to $4.3 trillion over 10 years, slightly higher than the overall goal agreed to by both parties for stabilizing the national debt.

more here: http://www.rawstory.com/rs/2013/04/06/obama-says-budget-that-cuts-social-security-and-medicare-benefits-aims-to-reinvigorate-middle-class/

_________________
It takes nothing to join the crowd. It takes everything to stand alone.
- Hans Hansen


Follow us on Twitter @CuckooKilla
Back to top Go down
View user profile http://thecuckoosnest.forumotion.com
 
Obama says budget that cuts Social Security and Medicare benefits aims to reinvigorate middle class
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Social Security number dream...
» Social Security DENIED
» Member of the parliamentary defense criticizes the allocation of 17 billion dollars within the budget 2012 for the security ministries
» Zaidi calls Parliament to endorse social security law draft
» Enrolling in Obamacare allows government to link your IP address with your name, social security number, bank accounts and web surfing habits

Permissions in this forum:You cannot reply to topics in this forum
The Cuckoo's Nest :: The Cuckoo's Nest-
Jump to:  
Affiliates

Future Google PR for thecuckoosnest.forumotion.com - 4.00 Free Url Submission Forum Topsite
conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy, conspiracy