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bitteranalysis.blogspot.com - 1/9/2009

Obama Promises Bid to Overhaul Retiree Spending

— bitteranalysis.blogspot.com — Read a bitter analysis of the January 8 New York Times article "Obama Promises Bid to Overhaul... Retiree Spending." The article's title is akin to what the National Enquirer delights in - evoking strong emotional responses while the article itself has few, if any, facts to back it up. (more) Obama Promises Bid to Overhaul Retiree Spending

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Obama Promises Bid to Overhaul Retiree Spending; "would wade into thorny politics of entitlements"
Democratic Underground Latest Breaking News — ... to cut back the rates of growth of the two programs, he would be opening up a potentially risky battle that neither party has shown much stomach for. The programs have proved almost sacrosanct in political terms, even as they threaten to grow so large as to be unsustainable in the long run. President Bush failed in his effort to overhaul Social Security, and Medicare only grew larger during his administration with the addition of prescription drug coverage for retirees.... Read more: http://www.nytimes.com/2009/01/08/us/politics/08obama.h...

Obama Promises Bid to Overhaul Retiree Spending
Bitter Analysis — Do you think I made that up? The title given to the January 8, 2009 New York Times article, Obama Promises Bid to Overhaul Retiree Spending evokes a strong emotional response. Sounds drastic. Sounds like a knife through the hearts of not only current retirees, but also those millions approaching retirement age. "Overhaul" most often means cutbacks. What will be the first to go? Medicare prescription drug coverage? Social security cost of living increases? Raising the age requirements in the hope that those who have been taxed the most to support Social Security and ...