Thursday, November 11, 2010

More details on Obama's austerity package


"Highlights" below.
  1. Raises the retirement age for Social Security and Medicare to 69.
  2. Cuts Social Security benefits.
  3. Ends the mortgage tax deduction.
  4. Ends the tax deduction for workers' health benefits.
  5. Freezes salaries for federal workers for 3 years.
  6. Establishes co-pays for veterans at VA health services.
  7. Raises fees to visit the national parks and the Smithsonian.
  8. Merges the Small Business Administration into an agency (Commerce) that has always prioritized helping bigger businesses, and cuts their budget.
  9. Eliminates the Office of Safe and Drug Free Schools.
Liberals take note: the composition of this committee is the result of the 2008 elections, not the Midterms. This is a bipartisan group that Obama himself created! This awful, punishing right-wing austerity package is coming from the Democrat leadership as much as it is from the lowly Republicans on the committee.

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