Inflation Formula News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Popular benefit programs such as social security. the president says his proposal will cut next year's deficit to $744 billion, it's the lowess since 2008. his plan will cut the deficit by an extra $1.8 trillion over the next ten years bringing the total savings to $4.3 trillion based on the administration's calculations. of course the cbo will take a look at this as well. the president's ten-year plan will trim $100 billion from defense spending. $400billion from medicare and save $230 billion by change -lg the inflation formula for benefit programs. there is going to be a quiz on this later....

Built to scale. that is nothing -- what are you laughing at? welcome back everybody. i'm neil cavuto. talking about getting back not a moment too soon. i leave these guys in washington on their own for one lousy week and they pull a north korea and blow themselves up. i still can't believe it. the president offers a tantalizing budget proposal for which republicans have been clamoring reining in the growth of entitlements, any. that's not to say the president's proposal to adjust the inflation formula to pay social security benefits, that's stunning. but it is something. or at least the start ...

Spending cuts. so maybe the theme of this report should be stagnation, you know, lots of key sectors out there like manufacturing, mining, finance, state and local government. not necessarily losing job, but the problem is they're not adding jobs either. >> that is a problem. and we will keep looking as we're just about less than now two hours away from the closing bell on a pretty tough friday jobs wise. as for the president, he is prepping for a big political gamble. he will propose changes to your social security, your medicare in his new budget next week. for medicare, the president is i...

Budget what is called chained cpi. basically, inflation formula that would reduce the cost of payments for social security and other social programs. the liberal group moveon do t.o said millions of moveon members did not work night and day to put president obama in office so he can propose policies that would hurt our most vulnerable people. earlier today on my show "the lead," i spoke with gene sperling. >> one of the things that speaker boehner and leader mcconnell have said were necessary to breakthrough gridlock, they asked for is this change in the cpi. and the president has been willing...

Pressing for a deal with president obama that would include $twenty one -- $1 trillion in cuts, what it really means is a tax on millionaires and only $250 billion of entitlement cuts will happen now through a proposal to slow social security growth by using a different inflation formula to calculate cost of living increases and any commitment to a process in 2013 that brings the rest of the revenue and the rest of the cuts -- supposedly. i don't trust it. nation, boehner is willing to give obama a one-year debt limit increase. obama wants it for two years to deny republicans the leverage they...