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Keyword: socialsecuritycuts

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  • Democrats plead with Obama to abandon Social Security cut

    01/12/2014 10:18:11 AM PST · by Libloather · 12 replies
    The Hill ^ | 1/11/14 | Alexander Bolton
    Democratic senators are pleading with President Obama to abandon his proposal to trim Social Security benefits before it becomes a liability for them in the midterm elections. The president proposed a new formula for calculating benefits in his budget last year, in hopes that the olive branch to Republicans would persuade them to back tax increases in a broader fiscal deal. But Democratic lawmakers say Obama should shelve the idea now that they are facing a difficult midterm election where they need to turn out the liberal base to preserve their Senate majority. “I’m not sure why we should be...
  • Obama to offer Social Security cuts in new budget — in exchange for tax hikes

    04/05/2013 9:22:29 AM PDT · by SeekAndFind · 79 replies
    Hotair ^ | 04/05/2013 | Ed Morrissey
    No wonder it's taking so long for Barack Obama to send his budget proposal to Congress. The budget is almost two months overdue, but Republicans may find it worth the wait. The Washington Post reports that Obama will offer cuts to Social Security in exchange for tax hikes to close the deficit --- in effect, the grand bargain he and John Boehner nearly made two years ago: President Obama will release a budget next week that proposes significant cuts to Medicare and Social Security and fewer tax hikes than in the past, a conciliatory approach that he hopes will convince...
  • Social Security, Medicare facing cuts in Obama budget [Democrats Hate Old People]

    04/05/2013 5:14:38 AM PDT · by SoFloFreeper · 34 replies
    President Barack Obama next week will take the political risk of formally proposing cuts to Social Security and Medicare in his annual budget in an effort to demonstrate his willingness to compromise with Republicans and revive prospects for a long-term deficit-reduction deal, administration officials say. In a significant shift in fiscal strategy, Obama on Wednesday will send a budget plan to Capitol Hill that departs from the usual presidential wish list that Republicans typically declare dead on arrival. Instead it will embody the final compromise offer that he made to Speaker John Boehner late last year, before Boehner abandoned negotiations...
  • No Social Security $$ increase until 2012; Obama double crosses his base, media smothers the story

    08/21/2009 6:07:46 AM PDT · by jmaroneps37 · 72 replies · 3,236+ views
    The Collins Report ^ | August 21, 2009 | Kevin "Coach" Collins
    This is another important story being smothered by the Democrat controlled media. The Obama administration has quietly announced there will be no raise in social security payments next year and maybe not until 2012, a presidential election year. Citing a 2008 third quarter cost of living decline, Congress has voted no cost of living increase in next year’s Social Security checks for the first time since 1973. The Democrats are pointing to their own prediction of a “… [steady] decline in consumer prices through the first three quarters of this year…” Based on this they claim to foresee no need...