Leaders of President Obama’s Deficit Commission Propose Cuts in Social Security Benefits/Elimination of Tax Deduction for Mortgage Interest

WASHINGTON—(ENEWSPF)—November 10, 2010.  Today, Erskine Bowles and Alan Simpson, the bipartisan leaders of President Obama’s Deficit Commission released a draft proposal containing many controversial deficit reduction proposals including cuts in Social Security benefits, reductions in federal spending and higher taxes for millions of Americans.  Bowles is a Democrat and former Chief of Staff in the Clinton White House and Republican Simpson is the former U.S. Senator from Wyoming.