Top Leaderboard, Site wide
Shop the Truthdig Gift Guide 2014
December 18, 2014
Truthdig: Drilling Beneath the Headlines
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Get Truthdig's headlines in your inbox!


Go West, Young Han
Weather Extremes Rise as Planet Gets Hotter and Colder






Truthdig Bazaar
The Lives of Riley

The Lives of Riley

By Mark Heisler
$6.00

Lords of the Land

Lords of the Land

By Idith Zertal and Akiva Eldar
$ 19.77

more items

 
Ear to the Ground

Republicans Dismiss Obama’s Budget Proposal

Email this item Email    Print this item Print    Share this item... Share

Posted on Apr 6, 2013
Gage Skidmore (CC BY-SA 2.0)

John Boehner.

Thanks to Speaker of the House John Boehner and his fellow Republicans in the chamber, there is serious legislative opposition to the attack on Social Security that President Obama proposed in his budget plan this week.

Boehner and company aren’t out to save Social Security, of course. Their objection is to the attempt to package cuts in social programs with tax increases on wealthy Americans.

The attack on Social Security consists of a change in the way inflation is factored into the formula used to decide the size of payments made to pension recipients. It would significantly reduce the value of those payments over time, as Robert Reich explains, eventually sapping the program’s ability to provide for people who depend on it after having spent their working lives paying into it.

—Posted by Alexander Reed Kelly.

The Guardian:

It is rare for a Democratic president to voluntarily offer up cuts in benefits. His bill is a compromise between two budgets produced this year, one by House Republicans, which would cut the deficit by reducing benefits while implementing no new tax increases, and the other by the Senate Democrats, which would raise taxes while protecting benefits.

The budget to be published next week will include cuts in Medicare and social security. Obama is proposing to change the way the Consumer Price Index is measured, which would effectively reduce the value of benefits over time, though with safeguards for the poorest.

Read more

More Below the Ad

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

 
Monsters of Our Own Creation? Get tickets for this Truthdig discussion of America's role in the Middle East.
Right 1, Site wide - BlogAds Premium
 
Right Skyscraper, Site Wide
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 

A Progressive Journal of News and Opinion   Zuade Kaufman, Publisher   Robert Scheer, Editor-in-Chief
© 2014 Truthdig, LLC. All rights reserved.

Like Truthdig on Facebook