8 Things Missing From Obama's Debt-Cutting Plan

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If Obama had incorporated these into his own plan then he'd lose nearly every vote from members of congress that he could ever hope to get along with most of the public vote when it comes down to being re-elected in 2012. It would be suicidal, and he knows it! On the same hand, if he were to be elected for a 2nd term (which I doubt) then I agree that he will raise taxes (payroll and personal) and also push to raise the retirement age.

Who knows what more damage he can do!

Allan Scott of OR 10:52AM October 06, 2011

In your aticle you talk about changing the cost of living raise formula for social security. Where have you been for the last three years? Social security, which is not just for senoirs, has not been giving a raise or cost of living raise in three years. Has the cost of living went up? In my opinion and anyone with a brain yes. Will social security get a raise this year? Is it an election year? Everyone looks to social security and medicare for cuts first.....

Richard of TN 9:22AM September 21, 2011

Why do you term limiting the rights of people injured by medical negligence tort "reform?" A study published in the April edition of the medical journal "Health Affairs" showed that up to 187,000 Americans die each year in the hospital and 6.1 million are injured each year, both in and out of the hospital, because of adverse events. Last year there were only 9,894 Americans who received compensation as a result of doctor negligence, a 37% reduction from the number who were compensated in 2001. It was the tenth consecutive decline in the number of people who were compensated and was the lowest number since the National Practitioner Data Bank began collecting the numbers in 1991. The truth is that it is very difficult for people injured by medical negligence to recover compensation. Limits on damages would hurt only the most severely injured people and would hardly make a dent in the cost of health care.

J. Michael End of WI 12:47AM September 21, 2011

Why do you term limiting the rights of people injured by medical negligence tort "reform?" A study published in the April edition of the medical journal "Health Affairs" showed that up to 187,000 Americans die each year in the hospital and 6.1 million are injured each year, both in and out of the hospital, because of adverse events. Last year there were only 9,894 Americans who received compensation as a result of doctor negligence, a 37% reduction from the number who were compensated in 2001. It was the tenth consecutive decline in the number of people who were compensated and was the lowest number since the National Practitioner Data Bank began collecting the numbers in 1991. The truth is that it is very difficult for people injured by medical negligence to recover compensation. Limits on damages would hurt only the most severely injured people and would hardly make a dent in the cost of health care.

J. Michael End of WI 12:41AM September 21, 2011

How about changing the corporate taxes to simple VAT taxes (say 5%) with no deductions or subsidies? No more coporations making billions and paying virtually no taxes.

Hartwig of AK 7:07PM September 20, 2011

On the issue of compromising with Republicans on the issue of repatriation of corporate profits overseas why not promote the suggestion of allowing repatriation of these with a corporate tax rate of 5% with the restriction that 100% of these funds must be paid into dividends. Make this a permanent amendment to the tax code and be done with this issue. If companies take advantage of this it raises a nominal amount of federal revenue on the corporate side and adds incentive to pay out dividends. This in turn puts cash into the hands of investors, some of whom will pump it back into the economy after having paid federal tax on the income. Win-win-win. Leaving the profits overseas isn't helping us in the U.S.

Brian Wheeler of VA 6:09PM September 20, 2011

About those Cost-of-Living raises that Social Security recipients receive every year: I am on Social Security and it's been about 3 years now since there has been a raise.

Wilma Hooker of NV 4:40PM September 20, 2011

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Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman demystifies it and explains what matters to you. Rick is the author of Rebounders: How Winners Pivot from Setback to Success and the co-author of two other books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.

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