The Star Beacon; Ashtabula, Ohio

World, nation, state

December 4, 2012

Makings of a fiscal deal behind the hot rhetoric

(Continued)

WARREN —

The White House has not foreclosed the idea of addressing Social Security cost-of living changes in a new deal, but it has not embraced it because Obama’s aides argue Social Security is not contributing to the federal deficit.

The stingier inflation measure also could raise tax revenue by $87 billion over the coming decade. Taxes would slowly increase because annual adjustments to income tax brackets would be smaller, pushing more people into higher brackets.

But the alternative inflation measure, while a favorite of budget hawks, has run into fierce opposition from defenders of Social Security.

“I’ve never been a part of that,” said Senate Majority Leader Harry Reid, D-Nev., a top Obama ally.

The two sides are also close, at least in theory, on curbing spending on a host of miscellaneous programs, as well as new fees. These could lead to higher airline ticket prices, for example, an end to Saturday mail delivery, fewer food stamps and lower farm subsidies.

Republicans claim they could glean $300 billion from such cuts and fees over 10 years; the White House promises $250 billion.

So far, the public seems ready to hold Republicans responsible if negotiations fail. A new Washington Post-Pew Research Center poll shows that 53 percent say the Republicans would deserve blame if the nation tips over the fiscal cliff, and only 27 percent of those surveyed say Obama would be to blame.

Forty-nine percent don’t believe Obama and Congress will reach a deal by Jan. 1, whereas 40 percent are more optimistic.

Republicans were quick to say on Tuesday that Boehner’s plan was attracting criticism from the right, particularly from Republican Sen. Jim DeMint of South Carolina, a leader of tea party conservatives, and as such represented more of a compromise than Obama’s stance. DeMint said Boehner’s plan “will destroy American jobs and allow politicians in Washington to spend even more.”

Text Only
World, nation, state
  • REPORT: Retaliation by supervisors common at VA

    A pharmacy supervisor at the VA was placed on leave after complaining about errors and delays in delivering medications to patients at a hospital in Palo Alto, California. In Pennsylvania, a doctor was removed from clinical work after complaining that on-call doctors were refusing to go to a VA hospital in Wilkes-Barre.

    July 22, 2014

  • Veteran's Ducks Iraq vet cited for owning 14 therapeutic pet ducks

    An Army veteran who hurt his back during the Iraq War is worried a citation will result in him losing his 14 pet ducks, which he says are therapeutic.

    July 21, 2014 1 Photo

  • Stacked Apartment.jpg New York building shows how mod design stacks up as cool

    In a city piled high with ambitious architecture, a seven-floor structure off the beaten path boasts a distinction of its own: It’s billed as the first multistory, modular-built apartment building to open in the nation’s apartment capital.

    July 21, 2014 1 Photo

  • Scores dead in first major ground battle in Gaza

    The first major ground battle in two weeks of Israel-Hamas fighting exacted a steep price Sunday: It killed 65 Palestinians and 13 Israeli soldiers and forced thousands of terrified Palestinian civilians to flee their neighborhood, reportedly used to launch rockets at Israel and now devastated by the fighting.

    July 21, 2014

  • Traditional lottery games hold their own

    Ohio’s traditional lottery games are mostly doing well despite competition from their electronic counterparts at four racinos.

    July 20, 2014

  • HIV diagnosis rate fell by third in U.S. over decade

    The rate of HIV infections diagnosed in the United States each year fell by one-third over the past decade, a government study finds. Experts celebrated it as hopeful news that the AIDS epidemic may be slowing in the U.S.

    July 20, 2014

  • Suddenly, the sun is eerily quiet: Where did the sunspots go?

    The sun has gone quiet. Almost too quiet.

    July 20, 2014

  • Monitors try to secure Ukraine plane crash site

    International monitors moved gingerly Saturday through fields reeking of the decomposing corpses that fell from a Malaysian airliner shot down over rebel-held eastern Ukraine, trying to secure the sprawling site in hopes that a credible investigation can be conducted.

    July 19, 2014

  • Israeli bulldozers destroy Hamas tunnels in Gaza

     Israeli bulldozers on Saturday demolished more than a dozen tunnels the military said were being used by Hamas gunmen to sneak beneath the southern border of the Jewish state and carry out attacks on its soldiers and civilians.

    July 19, 2014

  • Credible probe sought in downing of Malaysian jet

    World leaders demanded Friday that pro-Russia rebels who control the eastern Ukraine crash site of Malaysia Airlines Flight 17 give immediate, unfettered access to independent investigators to determine who shot down the plane.

    July 19, 2014

House Ads
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
AP Video