Tags: US | Cutting | Deficits | Conrad

Senate Budget Chairman Urges Action on Deficit

Thursday, 11 Nov 2010 08:04 AM


The chairman of the Senate Budget Committee says the nation faces the real possibility of becoming a "second tier economic power" if it fails to address the trillion-dollar-plus deficit. He says changes to Social Security and Medicare are imperative.

Democrat Kent Conrad of North Dakota on Thursday faced questions about the divisive proposals from the chairmen of President Barack Obama's deficit commission. They include an end to popular tax breaks, raising the retirement age and cuts in Social Security and Medicare.

Speaking on ABC's "Good Morning America," Conrad said Americans and politicians have to realize that Medicare and Social Security can't remain the same. Conrad — a member of the deficit commission — defended its chairmen's proposal to raise the retirement age to 69 by 2075.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved