"U.S. Debt Proposal Would Cut Social Security, Medicare"~~Bloomberg news

[WinkyDink]

http://www.bloomberg.com/news/2010-11-10/deficit-reduction-panel-s-plan-would-seek-to-cut-social-security-medicare.html

"The co-chairmen of President Barack Obama’s debt-reduction commission will propose cuts to Social Security and Medicare, as well as reductions in income tax rates in exchange for curbing tax breaks, according to a Republican aide who attended the meeting.

The chairmen’s plan is already causing some Democrats and Republicans on the 18-member commission to balk. The plan will be announced at 1 p.m. Washington time today, said commission spokesman Fred Baldassaro.

“This is not a package that I could support,” Representative Jan Schakowsky, an Illinois Democrat, said during a break in a private meeting by the commission. She said any package able to win 14 votes on the panel would have to look “very different” from the options being discussed.

Senator Dick Durbin, an Illinois Democrat, called the plan a “starting point for the conversation.”
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It's the last sentence there that's the kicker.

Sorry: Missed it here:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4609226

[corpseratemedia]

1. those on SS should start picking and choosing which cc bills to pay or just stop paying them en

masse since wall street is behind this - they can go get fucked

we paid into it its ours...

[alarimer]

2. Lowering income tax rates does not reduce the debt.

Fucking corporate pieces of shit.

[dkf]

3. It gets rid of deductions.

So it is more neutral. It also gives no special treatment to capital gains.

This will simplify doing your taxes.

[whosinpower]

4. Why not look at defense?

The myopic blindness of the cost of defense is abhorrent.

[kysrsoze]

5. It's much better to cut benefit and give wealthy people tax cuts than talk defense.

Best leave it unspoken.