Deficit-cutting ax may fall on Social Security - Yahoo! News: "Merely making all income subject to the payroll tax would cure the problem, says Mr. Baker."
..."Her fear is that President Obama's bipartisan National Commission on Fiscal Responsibility and Reform will recommend cuts in Social Security benefits as one means to reduce the burgeoning federal budget deficit. If 14 of 18 commissioners agree on a deficit-cutting plan, it could be passed at a lame-duck session of Congress without the extensive hearings and discussions that normally precede such an important measure."
Wednesday, July 28, 2010
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