President Obama moves Social Security reform out of deficit reduction plan
Social Security reform will not be included in President Obama’s proposal to cut the national deficit by $3 trillion over the next decade, the White House confirmed last week. Obama, who had previously proposed a $250 one-time payment to seniors through the Recovery Act to strengthen Social Security, said in a speech on Sept. 19 his plan to reduce national debt will focus on taxing high-income earners and corporations. Those who first received Social Security benefited most from the program… Read more




