Wednesday, April 13, 2011


In a speech this afternoon at George Washington University, United States President Barack Obama announced his plan to address and hopefully reduce this country's budget deficit by four TRILLION dollars within the next twelve years.
Amongst the steps involved:
*A mixture of tax increases and spending cuts, heavy on the latter
*An end to the Bush era tax cuts for the wealthiest 2% of Americans, and closing the tax loopholes that favor the rich, which in time would also lower the tax base for the rest of this country's citizens
*Strengthen Social Security, Medicare, and Medicare; despite a recent proposal by Republican Paul Ryan of Wisconsin (the state that recently did away with collective bargaining for that state's unions) that would shift the burden of medical costs to the senior citizens it is supposed to cover.

A bipartisan committee headed by Vice President Joe Bidden is scheduled to convene next month to work out the final details on the plans, but given the Republican position on things since Obama took office, pundits and analysts are already predicting a long road for any of these proposals to bear fruit.

The Free Choice E-zine will keep our readers up to date on the situation as the story develops.

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