President Obama's deficit Commission is proposing increasing the retirement age, cutting Social Security and eliminating the tax deductible for employer 401k contributions. In other words, you can "work till death." They also want to eliminate tax breaks for children and the home mortgage deduction. Surprisingly, Democrats in Congress have a problem with this.
USA Today reported:
"Before anybody starts shooting down proposals, I think we need to listen, we need to gather up all the facts," Obama told reporters.
He added: "If people are, in fact, concerned about spending, debt, deficits and the future of our country, then they're going to need to be armed with the information about the kinds of choices that are going to be involved, and we can't just engage in political rhetoric."
Obama said he will await the commission's Dec. 1 formal report before commenting in detail. Members "are trying to round up 14 votes for certain aspects of the recommendations, and I want to make sure that they've got the room and the space to do so," he said.
2 comments:
Trying to codify BIG GOVERNMENT is hard work. Why not give the job to the people, I bet they could whittle the mess down to size in short order.
The Cat Food Commission's agenda is truly dangerous and must be resisted.
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