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Thursday 25 April 2013

Dems, GOP talk up deficit reduction, but don't act

FILE - In this April 10, 2013, file photo, copies of President Barack Obama's budget plan for fiscal year 2014 are distributed to Senate staff on Capitol Hill in Washington. Liberals’ objections to White House proposals for slowing the growth of huge social programs make it clear that neither political party puts a high priority on reducing the deficit. House Republicans have consistently refused to raise income taxes. And top Democrats now oppose changes to Medicare and Social Security benefits. Lawmakers must budge on these issues to produce a bipartisan compromise big enough to seriously dent the federal deficit. (AP Photo/J. Scott Applewhite, File)Neither political party appears to be putting a high priority on reducing the deficit.





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