World-News

Dean Baker, Truthout: 'According to numerous reports in the media, President Obama wants a 'big deal' on the budget, which will involve cuts to Medicaid, Medicare and Social Security. The last is especially ironic, since Social Security is financed by its own designated tax. Therefore, it does not contribute to the deficit. If there is no money in the Social Security trust fund, then benefits will not be paid. The plans to cut to Social Security also seem perverse since we know that the vast majority of retirees are not living especially well right now and the benefits already are not especially generous.'

http://www.truth-out.org/president-obamas-big-deal-cuts-social-security-no-taxes-wall-street/1311000131

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Letting Bankers Walk

By Paul Krugman

Why the kid-gloves treatment? Money and influence no doubt play their part; Wall Street is a huge source of campaign donations.

http://www.informationclearinghouse.info/article28620.htm



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=campaign+donation
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=retiree
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=medicaid
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=medicare
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dean+Baker
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Krugman

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