1. New Deficit Plans Calls for Reduction in Social Security
The public unveiling of an extremely controversial proposal involving the budget deficit is scheduled for release on Wednesday. The new plan, constructed by Erskine Bowles and Alan Simpson, is a revised draft of the plan proposed ... and 69 by 2075. The cost-of-living for the programs will decrease, and the cap on income subject to Social security taxes will increase. The plan also calls for an increase in the price of gasoline by fifteen cents per gallon. The federal worker pay will be frozen for three years, and 200,000 workers will lose their federal jobs ... ...
- Word Count: 495
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate