// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

Saturday, 06 April 2013 07:18

Obama: Proposed budget not his ideal plan

WASHINGTON (AP) — Confronting bipartisan criticism, President Barack Obama is conceding that his proposed budget is not his "ideal plan." But he says it offers "tough reforms" to the nation's benefit programs while closing loopholes for the wealthy.

 

Obama argues his approach will provide long-term deficit reduction without harming the economy.

 

In his first comments about a budget he is to release next week, Obama says he intends to reduce deficits while providing new spending for public works projects, early education and job training.

 

Obama says in his weekly radio and Internet address that he's willing to compromise to move beyond what he calls "a cycle of short-term, crisis-driven decision-making."

 

In the Republican address, Kansas Gov. Sam Brownback says that ideas for fixing the federal government are coming from the states.

Published in National News
WASHINGTON (AP) — Outgoing Social Security Commissioner Michael J. Astrue has some parting shots for Congress, the White House and advocates for seniors. They have all "really walked away from Social Security," he says, leaving the program "fraying because of inattention to its problems."

Instead of making the hard choices to fix Social Security's financial problems, policymakers "use it as a tool of political rhetoric," Astrue said.

Astrue, 56, has headed the federal government's largest program since 2006 — he was nominated by former President George W. Bush. By law, Social Security commissioners serve six-year terms, so President Barack Obama will now have the opportunity to choose his own nominee, who must be approved by the Senate. Astrue's last day on the job was Wednesday.

The trustees who oversee Social Security say the program's trust funds will run dry in 2033, leaving Social Security with only enough revenue to pay about 75 percent of benefits. Already the program is paying out more in benefits than it collects in payroll taxes.

As commissioner, Astrue served as a trustee. He regularly urged Congress to address Social Security's long-term financial problems but refrained from publicly weighing in on various options to cut benefits or raise taxes — until now.

In an interview with The Associated Press, Astrue said benefit cuts and tax increases are inevitable — despite fierce opposition to both. Yet he questions whether Congress is up to the task.
Published in National News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Illinois to create state-run health care exchange

Illinois to create state-run health care exchange

SPRINGFIELD, Ill. (AP) - The Illinois Senate has approved a measure that would create a state-governed "insurance exchange" so individuals and small businesses can shop for health ...

IL lawmakers approved ban on using cell phones while driving

IL lawmakers approved ban on using cell phones while dr…

SPRINGFIELD, Ill. (AP) - The Illinois Senate has approved a plan that would ban the use of cell phones while driving. Senators voted 34-20 Thursday, sending the bill to Gov. Pat Q...

Police release photo of gas station robbery suspect

Police release photo of gas station robbery suspect

Police are asking for help to find the suspects who robbed a Cahokia gas station overnight. The Midwest Petroleum convenience store was robbed around 2:30 AM. Three suspects smash...

Attorney says pot penalties being misapplied in Columbi…

COLUMBIA, Mo. (AP) - A Columbia lawyer says a local ordinance that treats marijuana possession as a municipal violation isn't being followed by Boone County sheriff's deputies patr...

Police arrest man for shooting into South St. Louis home

Police arrest man for shooting into South St. Louis hom…

A suspect is in custody after allegedly shooting into a South St. Louis home. Police were on the scene when they saw the suspect fire several shots into a home near the intersecti...

AP: Man driving van during fatal wreck had suspended license

AP: Man driving van during fatal wreck had suspended li…

ST. LOUIS (AP) - Public records show a New Jersey man behind the wheel of a van that overturned on an Illinois freeway, killing five passengers, had his driving privileges suspende...

Two carnival workers involved in fight

Two carnival workers involved in fight

TROY, Mo. (AP) - One carnival worker is badly injured and another in jail following an altercation in eastern Missouri. The St. Louis Post-Dispatch reports that 25-year-old Clint ...

Air force jet clips power lines in western Missouri

Air force jet clips power lines in western Missouri

WARRENSBURG, Mo. (AP) - A low-flying military jet from a western Missouri Air Force base clipped several power lines, but officials said no injuries were reported. The Springfield...

Genesco Windows
© 2013 KTRS All Rights Reserved

St Louis Web Design