Monterey, CA Obama Budget Ready To Set Sail

View From A Non-Profit Serving Carmel, Carmel Valley, Gonzalez, Greenfield, King City, Marina, Monterey, Pacific Grove, Pebble Beach, Salinas, Seaside And Soledad California

Compromise is never a popular option in Washington D.C, but with Republicans and Democrats split nearly 50/50, this seems like the only option.  President Barack Obama seems to see no other way out at this juncture.  According to the New York Times, the president will propose cuts to Social Security and Medicare next week, an effort to come to some sort of a compromise with Republicans.  This is a huge shift in strategy.  It is meant to be a final compromise to Speaker John A. Boehner, but who knows it it will be accepted.  The plan would reduced the projected annual deficit by $1.8 trillion over ten years. He is also increasing the tobacco tax increase, limiting to $3 million the amount that one can save in a tax deferred account and repealing a loophole which allows some Americans to collect both disability and unenmployment payments.   For sure, I hope the latter is passed.  We pay a huge amount of money for workers compensation and unemployment, and em

Please note that this blog reflects my personal opinion and may or may not reflect the opinion of Hands To Help Seniors and the individual members comprising the Board of Governors.