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ybzoz38621
Posted: Wed 20:48, 07 Aug 2013
Post subject: Obama's budget director
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A proposed $3.7 trillion budget proposed on February 14, 2011 by the Obama administration leaves for later a fiscal reckoning on the massive social security program. This lays the ground work for even more debate on the various aspects of the program in the future which could affect an individual's claim.
"I want to make clear, first, that Social Security isn't contributing to the deficit in the next 5 to 10 years or considerably beyond that," Jack Lew, Obama's budget director, told reporters at a briefing on the budget proposal. "Social Security is something that we need to
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the program's distant horizon, a commission formed by Obama last year to tackle the federal
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deficit proposed raising the Social Security retirement age and cutting future benefits. Obama did not adopt the commission's Social Security proposals in his budget plan.
In a statement that could leave the door open for negotiation
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on modest benefit cutbacks for future beneficiaries, Obama said he "will not accept an approach that slashes benefits for future generations. No current beneficiaries should see their basic benefits reduced."
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Social Security Disability Insurance (SSDI) is part of the Federal Social Security program that provides monthly disability
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Social Security Not To Change Significantly Under Proposed Budget
Posted:March 2, 2011Comments:Views:11
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