Wrong. Nothing changes for people over 55 right now. People under 55 will need to change their retirement plans to allocate a lesser amount of it from social security. I know I have, I dont expect it to be there at all when I retire.I've read the budget plans, and the Ryan plan cuts revenues so much more than spending the deficit is larger that projected if we do nothing. Basically what is does is throw seniors under the bus to give the rich bigger tax cuts, so it adds to the deficit rather than reducing it,
Increased spending in readiness and technology will still equal less spending than in an active shooting conflict, which we will not be engaged in after 2014? 2013?If you add in Romney's pledge to increase spending on the military, that creates a trillion dollars more in deficit spending over the next decade.
Regarding Glass Steagel, unfortunately, the horse is out of the barn there. Reversing the financial instruments and processes is like a gordian knot now, there is almost no way to do it. I agree with tightening regulation but I dont agree with how Dodd/Frank went about it. The regulation should not be so independent that it is beyond congressional review. There are ways to pass regulation that requires the President to make final decisions and sign an executive order to a final action. Pushing it off to a appointed panel, even with Senate review is ludicrous. We have too much of that sort of responsibility dodging already.