Alert
Close

AARP holds senators accountable for key bipartisan Medicare vote. Learn more

Highlights

Open
Military and Veterans Discount

Contests and
Sweeps

You Could Choose Your Dream Vacation!

Hawaii, the Grand Canyon or an Alaskan Cruise! No purchase necessary. Ends May 31. See official rules.

 

Free AARP E-Books

Protecting Yourself Online for Dummies

Here's the mini guide you need to steer through the hazards with confidence.

Learn More

You Could Choose Your Dream Vacation

FREE FUN!

AARP Games - Play Now!

             

AARP Staying Sharp: Keep Your Brain Healthy

News & Politics Forums

Share your opinions on news and current events that matter most to you.

Join the discussion »

AARP Auto Buying Program

MOST POPULAR

Viewed

Obama's Deficit Plan Returns Focus to Medicare

President to talk about budget in Wednesday's speech

President Barack Obama will attempt to set the tone for the 2012 budget in a speech outlining his plan to reduce the federal deficit on Wednesday afternoon at George Washington University. But first, he's invited Congressional leaders to the White House for a morning preview.

The inclusive move comes after Congressional Democrats expressed feeling left out of the loop — many first learned about the president's plans the way the rest of the country did, watching Sunday morning television. But not much is expected to come out of the meeting.

Details on the speech are slim, but Republican leaders are clear:

"If the president begins the discussion by saying we must increase taxes on the American people -- as his budget does -- my response will be clear: Tax increases are unacceptable and are a nonstarter," House Speaker John Boehner, R-Ohio.

White House officials say the president's plan to reduce the federal budget deficit will focus on entitlement programs, military spending and tax increases.

An earlier plan proposed by House Budget Committee chairman, Rep. Paul Ryan, R-Wisc., outlined deep cuts in entitlement programs – including Medicare and Medicaid – reducing spending by $6 trillion over the next decade. The national debt is about $14 trillion.

In a shift of course, White House officials indicated more cuts may be considered to entitlement programs for seniors and the poor, including Medicare. The White House had previously rejected proposals from President Obama's deficit commission, which had been co-chaired by Alan Simpson and Erskine Bowles, to seriously take aim at Medicare and Social Security to reduce the shortfall.


"You're going to have to look at Medicare and Medicaid and see what kind of savings you can get," Obama adviser David Plouffe said Sunday on NBC's Meet the Press.



Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Advertisement

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

member benefit aarp financial service auto insurance

AARP® Auto Insurance Program from The Hartford offers members no-cost quotes.

membership benefit financial college aarp

Advice on saving for education from AARP® College Savings Solutions from TIAA-CREF.

AARP Credit card from Chase

Members can earn 3% cash back on purchases with the AARP® Credit Card from Chase.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.

Advertisement