Wednesday, November 10, 2010
U.S. Debt Proposal Would Cut Social Security, Taxes, Medicare
Erskine Bowles, co-chairman of Obama's National Commission on Fiscal Responsibility and Reform committee,rendered a plan to fix the economic crisis. Since most of the ideas are unfavorable to the American people, Bowles did not include to stop spending by the Federal government as an option. Stop wasteful spending would dramatically improve the economic crisis that have plagued this country. Instead, Bowles radically wants to trim Social Security and Medicare, eliminate tax breaks including the mortgage-interest deduction, throw out hundreds of tax breaks for items such as capital gains and child care, raise the gas tax, slash defense spending and bring down health-care costs by clamping down on medical malpractice suits. Also, Bowles wants to increase the Social Security retirement age to 68 in about 2050 and 69 in about 2075.
The only way to improve the economy is to make the Bush Tax Cuts permanent, dissolve Obamacare, and end Obama's socialist agenda.
Read Story: U.S. Debt Proposal Would Cut Social Security, Taxes, Medicare