Start Writing

Start Writing
Stop Writer's Block

Thursday, November 11, 2010

Deficit Panel Proposes Cuts

Have a question? Agree, disagree,
with me? Leave me your opinion.

A White House commission proposes
to cut the federal budget deficit
by hundreds of billions a year.
Social Security benefits, middle
class tax breaks and defense spending
are of interest.

The initial plan is to stop various
breaks the middle class are getting
like the deduction for home mortgage
interest.

On Social Security, the plan would
slowly raise the retirement age to 68
around 2050, 69 by 2075. It would combine
various cuts to benefits with an increase
in taxes on wealthier people's incomes.
Also, it's looking to curb federal spending
on health care except what's needed for the
recently passed health care plan. This would
be achieved by introducing further changes,
including reform of medical/malpractice law,
and by slowing the growth of the Medicare p
rogram.

A version of the plan would dramatically lower
individual rates to 9%, 15% and 24%.

"Tough choices" are going to be necessary to
tame a deficit that has soared to more than
$1 trillion a year, President Barack Obama
shared with leaders of his own Democratic
Party.

"Before anybody starts shooting down proposals,
we need to listen, gather up all the facts, and
be straight with the American people," Mr. Obama
stated at a press conference Thursday in Seoul,
where he attended a Group of 20 nation's summit.

The commission staff's goal is to curtail growth
of the federal debt by roughly $3.8 trillion by
2020.

"In the end, the president is going to have to
decide whether to incorporate some of this into
the 2012 budget," David Walker, a former U.S.
comptroller general and an advocate for deficit
reduction. "He's going to have to lead, because
if the president doesn't lead on this, it goes
nowhere fast."
Post a Comment

Blog Archive

About Me

My photo

Marcella Glenn is a freelance writer who has written news reports, worked in an office, reviewed movies, published a newsletter and had her novel, "Grave Street House," published. She, too, is a Writing Consultant as well as a Personal Coach.


She has tried to go down some of life's other paths. A few paths were a mail-order business, the publishing of a pen-pal newsletter and selling plastic-ware. Only, she was back writing before realizing what she was doing.


She'd critique titles, paragraphs, news reports, that no one submitted to her. She'd stop herself, eventually. Marcella Glenn seemed to be enjoying the act of writing. This is how she knew writing was more than a hobby.


Let it be a lesson in your life too. Is writing calling your name? Or, acting? Teaching? Are you interested in engineering? Have the courage to go for your dreams. Simply, believe in yourself.


Meet Marcella Glenn on Twitter: http://twitter.com/marcellaglenn.



Grave Street House Interview
Authors Show Radio Announces Interview Lineup For Week Of February 16, 2009
#fullpost{display:inline;}
Internet Radio features five new authors each week
February 16, 2009
Every week, The Authors Show, radio version features interviews with up and coming authors from around the world. This week The Authors Show radio features Marcella Glenn, author of  'Grave Street House'.

The Writer

The Writer
Word Master-Pieces

Labels