Power of Story Send a Tweet        
Best Web OpEds

The Grand Bargain: What It Is and Where It Comes From | Socialist Organizer

Quicklink Submitted By   Follow Me on Twitter     Message B. Ross Ashley     Permalink

Related Topic(s): ; ; ; , Add Tags  

Must Read 1   Supported 1   Valuable 1  
View Ratings | Rate It

opednews.com Headlined to H3 11/18/12

Become a Fan
  (5 fans)
Image uploaded from a quicklink
Copyrighted Image? DMCA
On August 2, 2011, wielding the pretext of a phony debt-ceiling crisis, the U.S. Congress approved legislation aimed at raising the debt limit to cover debts until January 1, 2013 -- in exchange for $900 billion in cuts to domestic programs during this first phase. The programs cut ranged from schools, to mass transit, to welfare and food safety. During this first phase, the cuts amounted to $900 billion.

The legislation also set up a bipartisan 'Super Committee' of 12 members of Congress (six Democrats and six Republicans) with special powers to make another $1.5 trillion in cuts. Targeted in this second phase were Social Security, Medicare and Medicaid -- the so-called 'three sacred cows.' Medicare eligibility was projected to rise from ages 65 to 67, and changes were announced in the formula for Social Security cost-of-living adjustments.
Read the rest of the story HERE:

At socialistorganizer.org


- Advertisement -

Must Read 1   Supported 1   Valuable 1  
View Ratings | Rate It


Born in the USA, living in Canada since 1968, I'm a Vietnam war resister, a revolutionary democratic socialist partisan of the Fourth International reproclaimed in 1993, a member of Canada's New Democratic Party, on the executive committee of the (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -