Does this mean nothing??

[Trey9007]

The trigger mechanism -- should the committee's recommendations not be acted upon -- will be mandatory spending cuts. Those cuts, which will begin in January 2013, will be split 50/50 between domestic and defense spending. Social Security and Medicare beneficiaries and "low-income programs" would be exempted from those cuts

[snappyturtle]

1. Do you have a link for this ?

[riverwalker]

2. boner's power point

http://www.washingtonpost.com/wp-srv/politics/documents/debt_framework_073111.pdf

[snappyturtle]

3. Thank you....I copied and will paste a section. Medicare will be cut.

"Total reductions would be equally split between defense and non-defense programs. Across-the-board
cuts would also apply to Medicare. Other programs, including Social Security, Medicaid, veterans, and
civil & military pay, would be exempt."


Welsome to DU! :hi: