Wednesday, November 10, 2010

politicsUSA: Social Security: Deficit panel says "curbing" (cutting?) SS is requ+red

Deficit panel leaders propose curbs 

on Social Security, major cuts in 

spending, tax breaks

Nov. 2 (Bloomberg) -- Bloomberg's Deirdre Bolton reports on major newsmakers in today's Movers & Shakers. (Source: Bloomberg)

Washington Post Staff Writer
Wednesday, November 10, 2010; 4:48 PM

The leaders of President Obama's deficit commission on Wednesday offered an ambitious plan to rebalance the federal budget by curbing increases in Social Security benefits, slashing spending on most federal operations and wiping out more than $100 billion a year in tax breaks for individuals and businesses. The proposal is aimed at cutting more than $3.8 trillion from deficits over the next decade.

-- EconoMix

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