posted Dec 2, 2010, 12:55 PM by Frank Baskin   [ updated Dec 2, 2010, 1:17 PM ]
The President's Deficit Commission's report due 12/1/10 has been postponed to 12/3/10. Its co-chairs have supported a variety of...FOR MORE CLICK TITLE... fixes including modifications to Social Security and Medicare. Members have not agreed on  recommendations which can be reported to Congress. The changes to Social Security and Medicare are amongst the most controversial. The include raising the age of eligibility for Social Security to 69, raising the ceiling or amount of wages subject tp the Payroll Tax(for Social Security); Changing the annual Cost of Living Allowance(COLA) ; Re-structuring Medicare cost structure, etc. There are also other recommendations in defense spending, the tax structure, etc.