Alan Simpson flips out at Calif. seniors
What a wretched group of seniors you must be to use the faces of the very people that we are trying to save, while the “greedy geezers” like you use them as a tool and a front for your nefarious bunch of crap. You must feel some sense of shame for shoveling out this….
Will Congress Forge Budget Deal, Avoid 'Fiscal Cliff'
Bruno J. Navarro
“I would want to put Bowles-Simpson in place immediately,” Sen. Mark Udall, D-Colo., said Tuesday, adding that it would cut spending, simplify the tax code and fix Medicare and Social Security. “If I couldn’t be re-elected because Bowles-Simpson made some people mad, I could live with that.”
The radicalism of Republican lawmakers in Washington tends to help explain the breakdown in American governance at the federal level. But to find breathtaking extremism, you'll have to look outside the Beltway…It demands a phase-out of Social Security, Medicare, and Medicaid and immediate provisions to make Social Security voluntary
The Complete Romney Interview Transcript
Romney: Well, I don’t think we know all the things that the President is planning on spending on. He told President Medvedev that he has a little bit more flexibility on missile defense after the election. That’s very different than what I have. I’ve laid out something he hasn’t done. I’ve laid out, for instance, what I’ll do to preserve Medicare and Social Security. These are two enormous programs...
Halperin: But I just want to focus on you...
Romney: Let’s talk about Medicare and Social Security. That’s focusing on me...
Social Security Benefits Taken Early at a 35-Year Low
Retirement-minded Americans are getting the message: it pays to delay triggering Social Security benefits. That was one of the chief findings of a GAO study last year, and now the “take-up” rate for those who are eligible stands at a 35-year low. This is great news.
History Shows U.S. Can Stimulate Now, Cut Later
From 2017 to 2022, Social Security’s normal retirement age is scheduled to gradually increase to 67. And I’ll bet that not only happens as planned, but does so with little fanfare -- which is pretty much what happened several years ago when the age rose from 65 to 66.
LA Times (CA)
America's fiscal future: A presidential debate worth having
David M. Walker
That's not to say that both men haven't advanced some good ideas. Romney, for example, is pushing to limit federal spending, and he's showing political backbone in putting Social Security and Medicare reforms on the table.
Goolsbee defensive on Obama deficits
Goolsbee quibbled with Fox host Chris Wallace’s statement that Obama did not embrace the bipartisan Bowles-Simpson commission’s recommendations, saying that the president did not accept the whole plan but “embraced the central idea” of three dollars in spending cuts for every one new dollar of revenue.
Coburn: U.S. "going to get another downgrade"
But, he said no fix can happen without significant changes to the entitlement programs, Medicare, Medicaid and Social Security, that are the programs many attribute as the cause of the nation's bleak long term fiscal outlook.
News Observer (NC)
Nuclear meeting opens in Charlotte with debt worries
The nearly 600 executives who convened Tuesday for the Nuclear Energy Institute’s annual conference came to Charlotte with work finally under way on the first new reactors in the U.S. in three decades.
Martinsville Bulletin (VA)
Kaine discusses Social Security, Medicare issues with area seniors
Likely U.S. Senate Democratic candidate Tim Kaine told seniors and retirees in Martinsville on Tuesday that he is against privatizing Social Security.Privatization would change Social Security from a shared safety net to an investment portfolio for each person, he said.
USA Today (NAT)
Autoworkers pushed to limit as many plants max out
Automakers are pushing factories and workers to the limit to try to meet burgeoning demand for new vehicles.
Obama Prospects Improve as Swing State Economies Improve -
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Economic Policy Institute
Don’t let Congress fast-track another tax cut
House Speaker John Boehner’s (R-Ohio) high-profile speech at last week’s 2012 Fiscal Summit garnered much attention for its pledge to again hijack the debt ceiling; less noticed was his announcement that the House of Representatives will establish a fast-track process for expediting “tax reform.” Comprehensive tax reform could add much needed revenue and balance to a long-term deficit “grand bargain,” but that’s not what Boehner is talking about:
GOP discovers that Mitt Romney could win
Top Republicans, long privately skeptical about their presidential prospects, are coming around to a surprising new view — that Mitt Romney may well win the White House this November. Margin-of-error polling, fundraising parity last month, conservative consolidation around Romney and a still-sluggish economy has senior GOP officials increasingly...
Wall Street Titans, Behaving Badly
The reputations of JPMorgan Chase, Morgan Stanley and Goldman Sachs have all been taken down a notch or two in recent days and months. If you're keeping up, the latest black eye came in the wake of last week's flubbed Facebook IPO.
The Washington Post (NAT)
Arizona Secretary of State Ken Bennett satisfied Obama was born in United States
President Obama will be on the ballot in Arizona afterall.
Yahoo! News (NAT)
Hawaii verifies Obama birth records to Arizona
From the blog The Ticket: A nearly three-month-long tussle between two states over President Obama's birth records may be at an end. The state of Hawaii said late Tuesday it has provided verification of the president's birth to Arizona's secretary of state, who claimed he needed proof of Obama's citizenship before he could place his name on the state's November [...]
Obama defends foreign policy from Republican criticism|
President Barack Obama on Wednesday staunchly defended his foreign policy record against Republican election-year criticism that he has overseen a decline in American
Guessing game begins over next Treasury chief
Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis.It's