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President Obama's Deficit Plan
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President Obama's Deficit Plan

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  • Does the White House have a deficit reduction plan? Or do they propose to just add to the deficit at a slower rate?
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  • Those of you complaining about having to tweet to see the next slide - You guys crack me up. Please see the bottom-right corner where it says '1/1', i.e. there is only 1 slide in this file. So when you hit Next Slide, it thinks that you have come to the end of the document (which you indeed have because the first slide is also the last slide), it prompts you to share the doc. You don't have to. Just click on the X in the popup.
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  • Something's definitely messed up with this site. They want us to tweet it in order to see the next slide. Forget that! It's not Linked In that's the problem, it's this site!
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  • And speaking of the cost of living and not being able to afford food to last the month, I went to the grocery store and everything is mini-sized! They sure didn't mini-size the price to go with their itty bitty product! Buying in bulk at places like Sam's Club used to help somewhat but now even the bulk stores are mini-sizing!
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  • I wonder what the effect of these 'cost saving' measures in healthcare will be? I wonder if it will mean yet more rationing? My experience is similar to Theresa Huffman who has written her and her husband's story above. I am disabled and cannot work a regular job, and I've already lost several doctors who decided it wasn't worth it to them to continue to accept Medicare, and the cost of living's getting way beyond my little tiny Disability payment. This month I had to decide between whether to buy food or pay my electric bill. If I go hungry too many days out of the month I'll get sicker, so the electric bill will have to wait. I already am splitting my natural gas bill in 4 parts over the next 4 months to prevent cut-off. This is a prime example of why Chained CPI (the Social Security cost of living recalculation formula mentioned in a number of Presidential speeches) would be a very bad idea.

    It took 20 years for my disease to be diagnosed because doctors skimped on tests and I almost died by the time any doctor really got serious about deeply investigating what was wrong. Now I have missed the window of opportunity to ever really have a successful career. Can't drive, can't have a significant other, as nobody will want to take on the responsibility with all my health problems. Tuesday I go back to my GP because of increased pain. For 6 days in a row I had severe headaches around the clock. He has definitely been pushing me off on other doctors the past year. Has still been accepting Medicare but I fear the end of that may be coming.
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  • 1. THE PRESIDENT’S PLAN: $4 TRILLIONOF DEFICIT REDUCTION INCLUDING THELAST OFFER TO SPEAKER BOEHNER.THE PRESIDENT HAS SIGNED INTO LAWMORE THAN $2.5 TRILLION OF DEFICIT REDUCTIONSpending cuts to discretionary programs enacted over the past two years, $1.4 T(not counting war savings)New revenue from wealthiest in fiscal cliff deal More than $600 BInterest savings More than $500 BSubtotal, Deficit Reduction to Date More than $2.5 TTHE PRESIDENT’S LAST OFFER TO SPEAKER BOEHNER IS STILL ON TABLE:MORE THAN $1.5 TRILLION IN ADDITIONAL DEFICIT REDUCTIONSPENDING REDUCTIONSEven split between defense and non-defense discretionary savings: $200 B - Non-defense discretionary spending $100 B - Defense discretionary spending $100 BHealth savings – could be achieved by: - Reduce payments to drug companies - Reduce hospital payments such as reimbursement for patients who don’t pay $400 B $140 B $30 B $ BILLIONS - Encourage efficient care after a hospital stay $50 B - Encourage beneficiaries to seek high value health care and ask the most fortunate to pay more $35 B - Medicaid, Pay-for-Delay, IPAB, program integrity $25 B - Other health savings $120 BNon-health mandatory savings – could be achieved by: $200 B - Eliminate certain subsidies for agriculture $30 B - Reform Federal retirement programs $35 B - Reform postal service and TSA passenger security fees $40 B - Strengthen solvency of UI trust fund $50 B - Other savings including Spectrum Fees, Sales of Excess Property, & Program Integrity $45 BSpending savings from superlative CPI with protections for vulnerable $130 BSubtotal, Total New Spending Reductions $930 B +$200 B interestREVENUELimit tax dedcutions to 28% for the wealthiest and close other loopholes $580 B +$100 B from CPI changeTEMPORARY GROWTH MEASURESImmediate investments in infrastructure -$50 BTOTAL DEFICIT REDUCTIONDEFICIT REDUCTION TO DATE MORE THAN $2.5 TRILLIONNEW DEFICIT REDUCTION $1.8 TRILLIONTOTAL DEFICIT REDUCTION MORE THAN $4.3 TRILLIONFEBRUARY 22, 2013 WHITEHOUSE.GOV/SEQUESTER

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