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What Obama’s New Budget Means for You
Posted By Tina Johnson-Marcel On February 14, 2011 @ 8:50 pm In Bulletin Today | No Comments
Faced with mounting pressure to put the clamp on a hemorrhaging federal budget deficit, the White House unveiled Monday a $3.7 trillion  budget highlighting a plan that aims to cut more than $1 trillion over the next decade. So what does this mean for you?
Last year’s bipartisan deficit commission  aimed for deeper cuts in the deficit with recommendations that included:
Much to the chagrin of Republicans keen on cutting spending , President Obama’s new budget has disregarded those recommendations.
Recent national voter polls  show Democrats and Republicans alike are loathe to touch treasured entitlement programs — especially those that affect people over 50 — but at the end of the day, something has to give.
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URL to article: http://blog.aarp.org/2011/02/14/what-obamas-new-budget-means-for-you/
URLs in this post:
 $3.7 trillion: http://thetimes-tribune.com/news/obama-sends-congress-3-73-trillion-budget-1.1104787
 federal spending: http://www.whitehouse.gov/omb/budget/Overview/
 deficit commission: http://www.aarp.org/politics-society/government-elections/info-12-2010/deficit_commission_votes.html
 Republicans keen on cutting spending: http://www.aarp.org/content/aarp/en/home/politics-society/government-elections/news-02-2011/new_poll_same_public_resistance_to_cuts.html?cq_ck=1297438650255
 Recent national voter polls: http://www.aarp.org/politics-society/government-elections/news-02-2011/new_poll_same_public_resistance_to_cuts.html?
 GOP Spending Cuts Would Affect Millions of People. Read: http://www.wcpo.com/news/national/gop-spending-cuts-would-affect-millions-of-people
 Cuts in Spending, More Taxes Part of Deficit Plan. Read: http://www.aarp.org/politics-society/government-elections/news-01-2011/poll_americans_wanttoreducedeficitwithoutharmingbenefits.html
 Social Security Fund Will Be Drained by 2037. Read: http://www.suntimes.com/business/3518786-420/security-social-benefits-program-retirement.html
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