President Obama is convening a half day fiscal responsibility summit today that will discuss entitlement programs. The Washington Post and New York Times have articles.
My opinion is that this summit will amount to little. There is zero chance that this Congress will enact any cuts in Social Security and little chance that it will raise the cap on wages covered by FICA. The real problem is Medicare.
My opinion is that this summit will amount to little. There is zero chance that this Congress will enact any cuts in Social Security and little chance that it will raise the cap on wages covered by FICA. The real problem is Medicare.
1 comment:
I wouldn't be so sure. There are many problems at ODAR and I know this hasn't escaped President Obama's attention. Additionally, he has made it clear that ineffective federal management will be dealt with swiftly. Just my two cents.
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