Deficit Advisors recommendations for America

[EL PRESIDENTE]

http://www.bloomberg.com/news/2010-...uld-seek-to-cut-social-security-medicare.html

A presidential commission’s leaders proposed a $3.8 trillion deficit-cutting plan that would trim Social Security and Medicare, reduce income-tax rates and eliminate tax breaks including the mortgage-interest deduction.

The plan would throw out hundreds of tax breaks for items such as capital gains and child care. It would raise the gas tax, slash defense spending and bring down health-care costs by clamping down on medical malpractice suits. The Social Security retirement age would rise to 68 in about 2050 and 69 in about 2075.

“This country’s out of money and we better start thinking,” said Erskine Bowles, co-chairman of the panel created by President Barack Obama. Without “tough choices,” Bowles said, “we’re on the most predictable path toward an economic crisis that I can imagine.”

 

[MARIS61]

Perhaps the most blatant push ever for making the poor and middle-class pay for the tickets for the uber-wealthy's ride to obscene opulence.

 

[EL PRESIDENTE]

about time they started paying.

 

[EL PRESIDENTE]

its probably a more fiscally sound, bi-partisan solution. which means those fuck heads in congress and the senate will bitch about it and then add crap to it to make it unpassable.

 

[BGrantFan]

I think that some of the solutions are too far down the road to be realistic. Raising ages in 2040? Let's talk about what the situation is NOW, and not use the same baseline assuming it still applies to years down the road.

 

[barfo]

Seems like the strategy here was to list every possible idea, so that in the off chance that something, anything, is ever passed, the committee can claim credit for it.

barfo

 

[MARIS61]

Seems like the strategy here was to list every possible idea, so that in the off chance that something, anything, is ever passed, the committee can claim credit for it.

barfo

I can think of quite a few possible ideas they did not list.

 

[barfo]

I can think of quite a few possible ideas they did not list.

Mail them to the committee, there is still time to work them in before the final report.

barfo