The Mudcat Café TM
Thread #133469 Message #3028946
Posted By: Q (Frank Staplin)
10-Nov-10 - 10:48 PM
Thread Name: BS: The ax is falling
Subject: RE: BS: The ax is falling
Enlarging a bit on Kendall- Obama's Bipartisan deficit commission. Reduce annual cost-of-living increases for Social Security. Gradually increase retirement age to 69. Eliminate of reduce mortgage interest deduction. (This is one that has always made Canadian home-buyers drool). Curb growth of Medicare.
It doesn't look like the (Bowles-Simpson) plan can win support from the 14 commission members that is needed to force a debate in Congress. Both chairmen acknowledged that the plan is a non-starter. "This is just a starting point." Obama would not comment, says the White House, until the fiscal commission finishes its work. "These ideas are only a step in the process," said White House spokesman Burton; the final product is expected next month. [Just in time for Christmas?]