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Louis Vuitton Outletand the White House has not released several of the specific recommendations that comprise a 12-year deficit-cutting plan Obama unveiled last month.As did Obama, the presidential deficit reduction commission and Bipartisan Policy Center recommended cutting payments to the largest farms.The House budget written by Republicans recommends raising pension contributions by workers and cutting them for the government.Obama made no such recommendation in his budget last February. Despite opposition from unions representing federal employees, several congressional officials say the White House has made clear it will back some savings in the area.Currently, most federal civilian workers contribute 0.8 percent of their wages to the fund that pays pension benefits, and the government contributes 11.2 percent of payroll. The disparity dates to the last major
Louis Vuitton Bags change in federal employee pensions, passed a quarter century ago, that required workers to pay Social Security taxes for the first time.Requiring workers and the government to contribute 6 percent apiece would save about $121.7 billion if implemented immediately, according to the House Budget Committee. The House budget suggests Republicans want to gradually phase the pension out in favor of a system that lets employees decide how to invest their retirement savings, as is happening in private industry. That would replace a system "that is creating future unfunded liabilities for taxpayers," it adds, although the Congressional Research Service says the pension fund for most current employees is on a pay-as-you-go basis. Phasing in the change over several years, as the president's
Louis Vuitton Handbags deficit commission suggested, would end up saving about $70 billion, and the savings would be even less if it applied only to future retirees. In contrast to the talks led by Biden, the so-called Gang of Six negotiations that ran aground in the Senate had scoured programs in every corner of the budget and envisioned possible tax increases as well. Sen. Tom Coburn, R-Okla., quit the effort on Monday, saying that he wanted deeper cuts to Medicare and that the overall package was not balanced. At the same time, Coburn reaffirmed support for higher government revenue, saying that was "the only way we get out of this problem" of soaring deficits. GOP leaders have expressed adamant opposition to higher taxes, at least for now. Sen. Mitch McConnell, R-Ky., indicated recently he viewed the efforts by the six senators as something of a sideshow. "With all due respect to the Gang of Six ... the discussions that can lead to a result between now and August are the -- are the talks being led by Vice President Biden," he said.BUENOS AIRES, Argentina – A Sol Air Lines
Louis Vuitton outletplane carrying 22 people crashed and exploded Wednesday in Argentina's southern Patagonia region, killing all on board.Sol Air Lines said its Flight 5248 carrying three crew members and 19 passengers, including a baby, communicated an emergency while flying from Neuquen near the Andes to Comodoro Rivadavia along the coast of Patagonia. The company confirmed that the wreckage was found about 25 kilometers (15 miles) southwest of the town of Los Menucos, and that local firefighers and police found no one alive."Unfortunately there are no survivors. We see burnt remains, everything burned," Ismael Ali, who directs the hospital in the nearest town of Los Menucos, told the Todo Noticias channel.Sol spokesman Horacio Darre in Buenos Aires said the plane took off normally and that it's impossible to know the cause, which will be determined by accident investigators."It's important to clarify that right now there is no information about the cause of the crash, which will be clarified by the relevant authorities," an airline statement stressed.Sol said it received an emergency communication from
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