Tag Archive | "deficit"

WASHINGTON, DC - FEBRUARY 07:  U.S. Senate Majority Leader Sen. Mitch McConnell (R-KY) (L) walks towards the Senate chamber at the Capitol February 7, 2018 in Washington, DC. Sen. McConnell and Senate Minority Leader Sen. Chuck Schumer (D-NY) announced that they have reach agreement on a two-year budget deal. (Photo by Alex Wong/Getty Images)

Does Social Security Really Contribute To Deficit?

For decades, some of our most prominent U.S. politicians have been sounding the alarm that Social Security is an important driver of the federal budget deficit.

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Social Security, Social

5 Myths About Social Security Often Accepted as Facts

The discussion of Social Security has degenerated into a shouting match in no small part because ideology is more important than fact in any exchange.

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Obama’s deficit plan tightens squeeze on Medicare

WASHINGTON — When it comes to health care savings, President Barack Obama’s deficit plan borrows a familiar strategy from corporate America’s playbook: cut costs or shift them to others. Drug companies, hospitals, nursing homes and state health care programs assessed the damage Tuesday from the president’s latest deficit-reduction proposal to Congress. While Medicare and Medicaid […]

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Obama debt taming plan would spare Social Security

By Jim Kuhnhenn WASHINGTON — President Barack Obama is backing away from some deficit reduction proposals he considered during failed summer negotiations with House Speaker John Boehner even as he prepares to unveil a broad plan to tackle the nation’s debt with a blend of tax revenue and lower spending on health care programs. The […]

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‘Supercommittee’ tackles sensitive issue of entitlements

By David Espo Digging in for a bruising struggle, Republicans on Congress’ powerful deficit-fighting “supercommittee” targeted Social Security and government health care spending Tuesday while Democrats pressed for higher tax revenue as part of any deal to reduce red ink by at least $1.2 trillion over the next decade. There were no ultimatums from either […]

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Vote, ballot box

The future of Medicare, Social Security

Here lies the opportunity for my generation to make sure that whatever Congress does to curb the deficit, Medicare and Social Security will not only survive, but will remain in forms we can count on as safety nets.

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