Search results
Results From The WOW.Com Content Network
[1] [2] President Barack Obama advocated historic cuts to social security, Medicare, and Medicaid, in exchange for an increase in federal taxes on upper income individuals, with the goal of reducing the federal deficit. [3] [4] Moderates from both the Republican and the Democratic party were in favor of the compromise.
Barack Obama sponsored 147 bills from January 4, 2005 until November 16, 2008. Two became law. [1] This figure does not include bills to which Obama contributed as cosponsor, such as the Coburn-Obama Federal Funding Accountability and Transparency Act of 2006 or the Lugar-Nunn Cooperative Proliferation Detection, Interdiction Assistance, and Conventional Threat Reduction Act of 2006.
Because Social Security tax receipts and interest exceed payments, the program also reduces the size of the annual federal budget deficit commonly reported in the media. For example, CBO reported that for fiscal year 2012, the "On-budget Deficit" was $1,151.3 billion. Social Security and the Post Office are considered "Off-Budget".
A new Bankrate survey found that 53% of workers expect to rely on Social Security benefits to pay their necessary expenses once they retire. Meanwhile, 73% of those polled worry that the benefits ...
A House-passed bill that would expand Social Security benefits to millions of Americans just got a lifeline in the Senate. Senate Majority Chuck Schumer last week started the process for a final ...
The Social Security bill on Tuesday won bipartisan support in the House, 327-75, in what is now the lame-duck period for Congress. ... But if the bill doesn’t pass the Senate by Jan. 3, when a ...
The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, [1] created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal ...
Franklin Delano Roosevelt. The father of the social safety net, FDR signed the Social Security Bill into law on Aug. 14, 1935. He had called on Congress to craft a social insurance policy just 14 ...