Friday, April 5, 2013

Obama's new budget plan...gee, SOME of this seems like this is what libs have accused conservatives of trying to do over the last few decades!

The specifics are as follows: The budget would reduce the deficit by $1.8 trillion over ten years -- $600 billion of this reduction would come from revenue raisers, and $1.2 trillion would come from spending reductions and entitlement reforms;
It would change the benefit structure of Social Security (chained-CPI);

It would means test additional programs in Medicare; All told, it would include $400 billion in health care savings (or cuts);

It would cut $200 billion from other areas, identified by The New York Times as “farm subsidies, federal employee retirement programs, the Postal Services and the unemployment compensation system;”

It would pay for expanded access to pre-K (an Obama priority) by increasing the tobacco tax;

It would set limits on tax-preferred retirement accounts for the wealthy, prohibiting individuals from putting more than $3 million in IRAs and other tax-preferred retirement accounts;

And it would stop people from collecting full disability benefits and unemployment benefits that cover the same period of time.