Deficit panel targets Social Security, taxes

[Silverbird]

http://www.reuters.com/article/idUSTRE6A94SH20101110
[Final report to be released December 1, but these are serious cuts. Watch for December fireworks]

 

[Steel_Magnolia]

Interesting reading, SB!

Some of us remember the December lockout. Looks like if you don't remember the last one, not to worry because you'll remember the next one.

Not fun. And if you are deemed "essential personnel", really not fun.

Maggie

 

[nnuut]

Looks to me that somebody (BHO) got the message. Now let's see how they handle it, this will be interesting because they are going to catch a lot of flack. Why isn't ObamaCare on their list, it will cost much more than Medicare in the end, I think they should nip it in the bud.

 

[Silverbird]

1) Not all of it's in the article. 2) Medicare is already measurably in the hole to pay near term futre retirees, a projection is possible (ditto with Defense, other Fed Government, home interest tax credit, etc etc data exists). 3) May be difficult to quantify costs of Health care legislation yet. 4) May be in the final report with an attempt to quantify the costs.

Still wondering what cost cuts the Legislature is going to take.