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Budget cuts: five groups likely to feel the pinch

If there's one thing that's lacking in the debt deal that president signed on Aug. 2, it's specifics. It asks for $1.5 trillion in spending cuts over the next 10 years, but gives few concrete details about where they'll come from. The deal does outline some changes for student loans, and it leaves out renewals for a couple of unemployment benefits programs. But most of the envisioned budget cuts won't become clearer until this fall, when a 12-member, bipartisan "super committee" gives its recommendations to Congress. Some Americans may be particularly vulnerable to their budget choices. Here are five groups who could see a reduction in government largesse:

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Retirement: 3 ways to enrich it without adding money

Retirement planning is about more than saving money. It's about what you're going to do. Here are three ways to stay active in retirement.
Social Security fund: Cash gone in 2033

Social Security fund will run out three years earlier than earlier projections due to boomer retirements, weak economy. If Social Security fund runs out, retirees will get 75 percent of promised benefits.
Jamie Moyer leads baseball's Ageless Wonders All-Stars

The Rockies hurler becomes the game's oldest pitcher to win a major league game, inspiring the selection of an entire lineup of players who stretched the age envelope.
Senior discounts: popular, but under fire

Do the swelling ranks of seniors deserve a price break when younger generations are struggling more?
Social Security: eight key things to know

Social Security recipients should look into the possibilities of spousal benefits, as well as their own, to maximize their Social Security income.
Two cheers for super PACs

Super PACs aren’t the constitution-eating monsters critics have made them out to be. In fact, they engage voters in the democratic process. So why only two cheers? Loopholes prevent full transparency on where these groups get their funding. But Congress can fix that.
A God-centered career search

A Christian Science perspective.
E-filing taxes: IRS ready to receive your money

E-filing taxes begins in earnest as Internal Revenue Service begins accepting electronically filed returns. E-filing taxes is free to anyone, but those making $57,000 or less can get more free help.
The New Economy
In budget battle, voters are the 'adults in the room'

Politicians on both extremes think voters want stubborness in the budget battle. They're wrong.
Robert Reich
Three factors that are polarizing the nation

As they have in the past, the nation's prolonged economic problems will realign the major parties, create new coalitions, and yield new solutions
Eight days left: Was super committee a bad idea from the start?

As the Nov. 23 deadline to propose a plan to trim $1.2 trillion from the federal deficit approaches, many in Congress are saying that that super committee should never have been created.
Penn State: College football record one win away for Joe Paterno

Penn State’s head coach Joe Paterno has long been a Nittany Lion in winner’s mode. With a victory over Illinois Saturday, Paterno will have the most wins in the major-college ranks.
Medicare premiums taketh what Social Security giveth?

Medicare premiums are slated to rise – by about $10 a month – for most recipients in 2012. These higher Medicare premiums will eat into the extra $39 a month that the average Social Security recipient is expected to get from next year's cost-of-living adjustment.
A long, steep drop for Americans' standard of living

Not since at least 1960 has the US standard of living fallen so fast for so long. The average American has $1,315 less in annual disposable income now than at the onset of the Great Recession.
Social Security recipients see 3.5 percent raise

Social Security recipients have not received a raise since 2009. That is set to change in 2012, when Social Security checks will be about 3.5 percent more than the last two years.
Social Security: seniors to see COLA increase in 2012

After an unprecedented two years of no cost-of-living adjustment, Social Security is poised to boost payments in January, a private group calculates. Social Security COLA will be between 3.5 and 3.7 percent.
Government suspends home-care provision of health-care reform law

The CLASS act, a provision in the heath-care reform law designed to help the disabled and elderly cash to receive care at home, could not be both voluntary and budget-neutral, say health officials.
Occupy Wall Street: Is it becoming your father’s – even grandfather’s – movement?

Many of the 'Occupy Wall Street' protesters are now much older than college age. Is this a sign of cross-generational appeal, or is the movement being taken over by aging ’60s radicals?
Vox News
Ron Paul is on the 'Daily Show' tonight. Will he say something inflammatory?

In past appearances on the 'Daily Show,' Ron Paul has made comments to Jon Stewart that would have gotten other candidates in trouble. Will he push the boundaries again tonight?
Budget cuts: five groups likely to feel the pinch

If there's one thing that's lacking in the debt deal that president signed on Aug. 2, it's specifics. It asks for $1.5 trillion in spending cuts over the next 10 years, but gives few concrete details about where they'll come from. The deal does outline some changes for student loans, and it leaves out renewals for a couple of unemployment benefits programs. But most of the envisioned budget cuts won't become clearer until this fall, when a 12-member, bipartisan "super committee" gives its recommendations to Congress. Some Americans may be particularly vulnerable to their budget choices. Here are five groups who could see a reduction in government largesse:
Will Social Security checks keep coming if US goes broke?

Many seniors are worried about their Aug. 3 Social Security payment. But even without a debt-limit deal, they will almost certainly keep getting their Social Security checks.
Why a Gen Y guy is begging to raise his Social Security retirement age

With a down economy, the majority of the Millennial generation has nothing saved for retirement. But they’re also most at risk for not getting Social Security payments later in life. Raising the retirement age would help ensure that something is left for them.
AARP leaders to meet with Congress members

AARP State Director Brenda Kelley and State President Laura Green are scheduled to meet Wednesday with US Sen. Joe Lieberman and Congressmen John Larson, Chris Murphy, and Joseph Courtney.
Tax VOX
Social Security: Fixing it isn't hard

Social Security isn't broke, but it is poorly designed for a nation that has changed so dramatically since the 1930s. What Social Security needs is solvency and modernization.
AARP: Deficit, political realities force a shift

AARP, recognizing political realities, decides to soften its opposition to Social Security cuts in order to influence a compromise. But liberal groups thrash AARP for changing its position.