Obama's Budget: Social Security, Chained CPI and Taxes
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President Obama will propose what the White House calls a "conciliatory" budget tomorrow with proposed cuts in Medicare and Social Security — conditioned on increases in taxes. We hear how both parties in Congress are likely to respond. Is there any chance of consensus? Also, tensions with North Korea continue. On Reporter's Notebook, should the CIA stick to intelligence or serve as a secret army?
Banner image: Medicaid is just one of the social programs that faces federal budget cuts. Photo by SEIU International
Tensions with North Korea Continue ()
North Korea has warned any foreigners in South Korea to prepare to evacuate in case of war. The US Pacific Commander, Admiral Samuel Locklear, told the Senate Armed Services Committee hearing that there's a "direct threat to US national security and regional peace and stability." Max Fisher is foreign affairs blogger with the Washington Post.
Obama Budget: New Consensus or Continued Gridlock? ()
Partisanship has left the budget process in shambles since 2010, but this year the Republican Congress and Democrats in the Senate have both passed spending plans. Having refused to start the proceedings in February, as required by law, President Obama has waited to weigh in. Tomorrow, he's expected to take what Washington calls a "risk" by proposing social-program reductions that infuriate many Democrats. The White House calls that "conciliatory," and hopes that Republicans will agree. But they're likely to balk at the tax increases on which his cuts are conditioned. Social Security, Medicare and "the Sequester" are part of the package, with the deficit, tax reform and the debt limit looming on the horizon. We hear what to expect from the White House, with both parties already thinking about the mid-term elections next year.
- Lori Montgomery: Washington Post, @loriamontgomery
- Dean Baker: Center for Economic and Policy Research, @DeanBaker13
- Matt Bennett: Third Way, @ThirdWayMattB
- Doug Holtz-Eakin: American Action Forum, @djheakin
'The Way of the Knife' Describes the CIA's Secret War ()
Is the CIA an intelligence gathering agency staffed by spies or a secret army of professional killers? Since its creation during World War II, the pendulum has swung both ways, depending on the policies of successive presidents. In the 1970's, After the CIA tried to kill Cuba's Fidel Castro, Gerald Ford ordered an end to the assassination of foreign leaders. But New York Times reporter Mark Mazzetti, reports that the pendulum has swung back again in his new book, The Way of the Knife: The CIA, a Secret Army, and a War at the Ends of the Earth.
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