BaiHu
04-05-2013, 10:42 AM
Besides the tax increases that most Republicans continue to oppose, Mr. Obama’s budget will propose a new inflation formula that would have the effect of reducing cost-of-living payments for Social Security benefits, though with financial protections for low-income and very old beneficiaries, administration officials said. The idea, known as chained C.P.I., has infuriated some Democrats and advocacy groups to Mr. Obama’s left, and they have already mobilized in opposition.
As Mr. Obama has before, his budget documents will emphasize that he would support the cost-of-living change, as well as other reductions that Republicans have called for in the popular programs for older Americans, only if Republicans agree to additional taxes on the wealthy and infrastructure investments that the president called for in last year’s offer to Mr. Boehner.
http://www.nytimes.com/2013/04/05/us/social-programs-face-cutback-in-obama-budget.html?partner=MYWAY&ei=5065&_r=1&
Mmmm, didn't we have a trillion dollar stimulus that was supposed to go towards infrastructure? Oh, that's right, the money never made it to 'shovel ready' status:
Unfortunately, the initial modest stimulus proposals that were primarily focused on infrastructure and incentivizing private sector job creation ballooned into a three-quarters-of-a-trillion-dollar spending behemoth. In doing so, Democrats managed to only slightly impact the national unemployment rate — mostly temporarily propping up government employment — and sent the national debt soaring...........................
The final stimulus bill directed less than 7 percent of the massive spending measure toward infrastructure and included no means of expediting even that miniscule portion of the package.
Well, that's not nothing, it's 7% :mad:
http://thehill.com/special-reports/transportation-a-infrastructure-october-2010/122463-why-stimulus-failed-
As Mr. Obama has before, his budget documents will emphasize that he would support the cost-of-living change, as well as other reductions that Republicans have called for in the popular programs for older Americans, only if Republicans agree to additional taxes on the wealthy and infrastructure investments that the president called for in last year’s offer to Mr. Boehner.
http://www.nytimes.com/2013/04/05/us/social-programs-face-cutback-in-obama-budget.html?partner=MYWAY&ei=5065&_r=1&
Mmmm, didn't we have a trillion dollar stimulus that was supposed to go towards infrastructure? Oh, that's right, the money never made it to 'shovel ready' status:
Unfortunately, the initial modest stimulus proposals that were primarily focused on infrastructure and incentivizing private sector job creation ballooned into a three-quarters-of-a-trillion-dollar spending behemoth. In doing so, Democrats managed to only slightly impact the national unemployment rate — mostly temporarily propping up government employment — and sent the national debt soaring...........................
The final stimulus bill directed less than 7 percent of the massive spending measure toward infrastructure and included no means of expediting even that miniscule portion of the package.
Well, that's not nothing, it's 7% :mad:
http://thehill.com/special-reports/transportation-a-infrastructure-october-2010/122463-why-stimulus-failed-