07-28-2011, 05:34 AM
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Confirmed User
Industry Role:
Join Date: Jul 2003
Location: Kentucky
Posts: 6,548
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My very first political thread
I read this article and I have to say that I was impressed with the public's ability to cross party lines and think for themselves.
http://www.politico.com/news/stories/0711/60046.html
Quote:
When the Program for Public Consultation presented a representative sample of Americans the projected federal budget in some detail, as well as a list of possible revenue sources, and asked them to do their own budget, Republicans did make substantial cuts in spending ? on average $101 billion per year. However, they increased revenues even more ? on average $230 billion per year.
More than six in 10 Republicans favored raising the amount of income subject to the Social Security payroll tax to at least $156,000.
Democrats showed substantially more flexibility on entitlements than their representatives in Congress. The PPC survey presented respondents a list of options for dealing with the Social Security shortfall, with Congressional Budget Office scores for how much it would take to solve the problem.
To deal with the projected Social Security shortfall, 63 percent of Democrats favored raising the retirement age to 68 by the year 2034. Majorities of Democrats (53 percent) were not enthusiastic about slowing the rate of increase in Social Security benefits but said they could tolerate the idea. They were also ready to tolerate increasing Medicare premiums.
Democrats also showed a readiness to make cuts in discretionary spending. On average, they cut spending $157 billion.
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