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In Budget Plan, Obama Seeks Cuts and Higher Taxes
By not in system - AOL NewsWASHINGTON -- Forcefully rejecting Republican budget-cutting plans, President Barack Obama on Wednesday proposed lowering the nation's future deficits by $4 trillion over a dozen years and vowed he would not allow benefit cuts for the poor and the elderly to pay for tax breaks for the rich. "That's not right and it's not going to happen as long as I'm president," Obama declared. While the president recommended trimming health care costs in Medicare and Medicaid, he also called for cuts in defense, an overhaul of the tax system to eliminate many loopholes enjoyed by individuals and ...
GOP Budget Proposal Would Increase Health Cost for Future Retirees
By not in system - AOL NewsWASHINGTON -- Most future retirees would pay considerably more for health care under the new budget proposed by House Republicans, according to an analysis by nonpartisan experts for Congress that signals problems ahead for the plan. The fiscal blueprint would put people now 54 and younger in a different kind of health care program when they retire, unlike the Medicare that their parents and grandparents have known. Instead of coverage for a set of benefits prescribed from Washington, they'd get a federal payment to buy private insurance from a choice of government-regulated plans. "A ...
Medicare Rise Could Mean No Social Security Cost of Living Adjustment
By not in system - AOL NewsWASHINGTON - Millions of retired and disabled people in the United States had better brace for another year with no increase in Social Security payments. The government is projecting a slight cost-of-living adjustment for Social Security benefits next year, the first increase since 2009. But for most beneficiaries, rising Medicare premiums threaten to wipe out any increase in payments, leaving them without a raise for a third straight year. About 45 million people - one in seven in the country - receive both Medicare and Social Security. By law, beneficiaries have their Medicare Part B ...
Opinion: What Does Government Do?
By John Merline - AOL NewsPop quiz. What's the biggest single job the federal government undertakes? National defense? Nope. Homeland security? Wrong. Transportation? Not even close. Law enforcement? No way. Education? Getting colder. Foreign aid? Are you kidding? Nope, the biggest single thing the federal government does these days is ... cut checks. Lots and lots and lots and lots of checks that go to individual citizens -- $2.3 trillion worth last year alone. In fact, according to a table buried deep inside the little-noticed Historical Tables volume of the White House's 2012 budget, these "direct payments ...
Opinion: Empty Words from Both Sides on the Debt
By not in system - AOL NewsLast month the Congressional Budget Office reported that Social Security had begun running permanent budget deficits. Medicare is facing future budget shortfalls larger than the entire budgets of most countries. In response to this looming crisis, President Barack Obama's 2012 budget proposes to ... talk about it. This gave Republicans an opportunity to seize control of the agenda and demonstrate that their new-found commitment to fiscal discipline was more than simple hostility to Planned Parenthood or the Corporation for Public Broadcasting. Given this chance, Republicans chose to ... ...
The Obama-Christie Contrast: Doing 'Big Things' Their Own Way
By Jill Lawrence - Politics DailyBack-to-back appearances this week by President Barack Obama and New Jersey Gov. Chris Christie put a fascinating spotlight on two opposite styles of leadership. Christie is the self-styled bull crashing through the china shop. Obama is the deliberative shopper who threads his way through the narrow aisles and tries to keep breakage to a minimum. In their manner and appearance, the pair could not be more of a contrast. Christie, a former prosecutor, is large and blunt, with "a little Jersey attitude," as Henry Olsen, vice president of the American Enterprise Institute, put it Wednesday. ...
How Vulnerable Democrats Might Attack Obama's Health Care Bill
By Matt Lewis - Politics DailyWith 2012 approaching, vulnerable Senate Democrats representing red states are desperately searching for creative ways to distance themselves from President Obama's health care law. Of course, if they attack it too harshly, they risk angering their liberal base -- and donors. (This, of course, is the kind of "wedge issue" Republicans relish seeing Democrats struggle with.) Recent court decisions have focused on the constitutionality of the individual mandate, but moderate Democrats hoping to move to the right to stave off defeat must tread carefully. As liberal blogger Greg Sargent has ...
Obama: Medicare, Social Security Demand Compromise
By not in system - AOL NewsWASHINGTON -- Defending his new budget as one of "tough choices," President Barack Obama said Tuesday that more difficult decisions about the nation's biggest expenses - Medicare, Medicaid and Social Security - will have to be tackled by Democrats and Republicans acting together, not by White House dictates. "This is not a matter of, 'you go first, I go first,'" he said. "It's a matter of everybody having a serious conversation about where we want to go and then ultimately getting in that boat at the same time so it doesn't tip over." The president pitched his $3.73 trillion budget as a ...
Paul Ryan's Republican Response: Come With Me to the Land of Nod
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
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