All Posts Tagged With: "social security benefits"
Another issue that has caused disagreement regarding the negotiations over the fiscal cliff has surfaced. Jay Carney the spokesman for the White House said on Tuesday that the issue of Social Security cannot be discussed in the talks about the fiscal cliff and must be addressed as a separate issue. Carney said the drivers of [...]
An entitlement program will become insolvent within four years and is one the Congress is not even paying much attention to. The disability trust fund for Social Security is projected to become insolvent much sooner than the more well known Social Security retirement fund or Medicare. If the program becomes insolvent, there will be a [...]
Republican presidential hopeful Rick Perry proposed that Americans should be able to choose from their existing income tax rate or a new flat tax rate of 20 percent. This is part of his tax and spending reform plan called Cut, Balance and Grow. He said that the goal of his Cut, Balance and Grow plan [...]
President Obama’s proposal for a five-year freeze on the operating budgets for domestic Cabinet agencies has not found favor with the Republicans. Several GOP members are of the opinion that this is not enough and more needs to be done. Paul Ryan, a former congressional staff aide and the House Budget Committee Chairman, said that [...]
Republican Representative Paul Ryan, House Budget Committee chairman, said that the government needs to control the budget deficit or face an economic disaster. He added that spending cuts must be implemented immediately. Ryan is the House Republican point man in GOP’s drive to control federal spending and close the gap of the deficit in the [...]