Deficit Cuts

July 7, 2011 by USA Post 

Deficit CutsDeficit Cuts, In a move that surprised some fellow Democrats, published reports say that President Obama will offer discussions on Thursday with members of Congress the possibility of a substantial reduction in funds for Medicare, Medicaid and Social Security as a way to cut U.S. deficit beyond 2000000000000 cuts and discussed in earlier negotiations. However Obama wants the Republicans agree to raise taxes, reports say, may allow breaks for the wealthiest in the country expires at the end of next year.

Senator Harry Reid (D-Nev.) said in a statement Thursday that the Senate would consider legislation today that includes asking for “millionaires and billionaires to contribute to the efforts of this country to reduce our deficit.”

The Washington Post reported Wednesday that Obama is considering both a reduction and 4000 billion over the next 10 years through a combination of tax increases, closing gap and cuts in public assistance programs previously considered untouchable. According to the report, some of Obama’s fellow Democrats is alarmed by the proposal, while others see it as a demonstration of the will of the president to compromise.

According to a report in the New York Times, apparently, the proposal was a secret meeting with President Obama, John Boehner, R-Ala., Weekend-a meeting on Wednesday, the White House still refuses to recognize, and he called Democrats by surprise.

While the Post quoted a family member with the proposal, saying: “Obviously, there are some Democrats who do not believe we have to make benefit reform Democrat. But it seems that there is some hunger for something of some importance,” also cited one Democratic official said: “The good prosecutor has to overcome the pain.” Sen. Sheldon Whitehouse of Rhode Island

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