Senator: Boehner Plan Would Cut Benefits For Disabled Vets

GOP House Speaker John Boehner’s plan to avoid the so-called fiscal cliff would slash benefits for disabled veterans, according to Sen. Bernie Sanders, the left-leaning Vermont independent. A member of the Senate Budget and the Veterans’ Affairs committees, Sanders says deficits must be reined in, but not by taking benefits away from more than 3 million disabled veterans, many of them injured fighting wars in Iraq and Afghanistan. Sanders’ criticism was aimed at a proposal offered on Monday by Boehner, which would combine massive cuts to Social Security, Medicare and Medicaid with new tax breaks for the wealthiest Americans. The Boehner plan calls for a new method to calculate inflation by using a so-called chained CPI that would reduce annual … Continue reading

Employment Grows, But ‘Jobs Remain Very Difficult To Find’

The U.S. economy added 163,000 new positions to the workforce in July, but that situation likely won’t help many of the nation’s jobless, according to a Washington economist. Despite the robust job growth reported Friday by the federal government, the unemployment rate ticked up to 8.3 percent. Economists reportedly were expecting the job-creation figure to be closer to 100,000. “Private employers have now added jobs for 29 straight months.  But the overall pace of job creation remains modest, and jobs remain very difficult to find for large numbers of the unemployed — a situation that likely will persist for some time,” says Chad Stone, chief economist of the Center for Budget and Policy Priorities, an independent Washington think tank. Although … Continue reading