Jon Jim Angle News Today

Battle. jim. >> reporter: hello jon. a group of unions and advocacy groups have worked themselves into an election year frenzy claiming theres a secret plan at the fiscal commission appointed by president obama to steal money from social security. >> somehow, cutting social security is back on the table. in 2010. its hard to believe. and it really is the height of arrogance. >> in a misplaced effort to reduce the decifit, social security is under attack again. this time, by proposals to raise th...

Tomorrow, but certainly by 2040 or so, it will not have the legal authority to pay benefits. >> reporter: and at that point, the law says the system will impose 25 percent across the board cuts on the poor, as well as those better off. liberal groups claim there are no problems in social security but there are huge problems and the longer officials wait to solve them the harsher the solutions will have to be to save the system. jon jim angle, interesting stuff, thank you. jenna: the go ahead to ...

Companies that are investing overseas. or that keep their profits off shore. because it is my belief -- >> jon: president obama speaking to a meeting of the afl-cio, the union group, in washington, d.c., talking about jobs and job creation. also, mentioned in the note at the top of the speech, that he is very pleased that reports indicate that that gulf oil spill has been successfully plugged. fingerses crossed on that one. if youd like to see more of the speech, well have it streaming live for ...