Cut, Cap And Balance Bill: Latest Republican Plan Could Lead To Debt Ceiling Compromise

Already on the table are more than $1 trillion in discretion­ary 10-year spending cuts and hundreds of billions more in changes affecting farm subsidies, college aid and retirement benefits for federal workers. Additional savings from health care programs like Medicare and Medicaid are in the offing, as well as a potential $300 billion change in the government­’s inflation calculator affecting Social Security benefits and some revenues.

What you call "a very good position" isn't good at all for the American people who rely on these programs to survive.




http://www­.washingto­npost.com/­business/e­conomy/in-­debt-talks­-obama-off­ers-social­-security-­cuts/2011/
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