entitlement programs

  • President Barack Obama's 2015 budget proposal will lose the offer to make cuts to entitlement programs, including Social Security, White House officials said Thursday. Photo by Brendan Smialowsky/Getty Images
    February 20, 2014   BY Jim Kuhnhenn, Associated Press 

    The White House says President Barack Obama’s upcoming budget proposal will not include his past offer to accept lowered cost-of-living increases in Social Security and other benefit programs. Those had been a central component of his long-term debt-reduction strategy.

    Officials said Thursday that those potential reductions in spending, included in last year’s Obama budget, had been designed to initiate negotiations with Republicans over how to reduce future deficits and the nation’s debt. But Republicans never accepted Obama’s calls for higher tax revenue to go along with the cuts. Continue reading

  • November 29, 2012  

    In other news Thursday, House Speaker John Boehner claimed the White House hadn’t yet provided details on where spending cuts would come from to balance the budget. The White House responded by charging that Republicans had failed to say what tax increases they could tolerate in order to fix America’s long-term deficit. Continue reading

  • February 13, 2012  

    Unveiling a $3.8 trillion budget blueprint on Monday, President Obama cast the plan as an essential tool to spur economic growth and noted that tough choices would put the country “on a more sustainable fiscal path.” Republicans called the plan a “campaign document.” Ray Suarez reports. Continue reading