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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 12, 2010
Page
2
The Treasury said July deficit was 165 billion dollars, fiscal year total 1.17 trillion, down 7.7 percent from last year. The Obama administration foresees a 1.47 trillion deficit in 2010 with 911 billion in 2012, while private forecasters predict around 1.3 trillion. Deficits in the trillion range push spending as a campaign issue.
Prospects for fixing Social Security look bleak as 75th anniversary coverage highlights deep partisan rifts. Democrats resist benefit cuts and a higher retirement age while Republicans reject tax increases, risking depletion of the trust funds by 2037. Obama’s bipartisan commission faces a hostile climate. House Democrats accuse Republicans of aiming to privatize Social Security, complicating negotiations. John Rother of AARP cautions against negotiating around election time.
AP reports the August 5 killings of six Americans, two Afghans, one German and a Briton after a relief team led by Tom Little crossed the Hindu Kush. Survivor Safiullah details gunmen shouting Jadee and the sequence that left most of the IAM team dead.
At Serafimovskoye Cemetery in St Petersburg a seagull statue marks the 118 sailors lost on the nuclear submarine Kursk in the Barents Sea on August 12 2000. Relatives insist accountability was avoided amid political choices and secrecy.
Weather disrupts a massive Gulf effort to permanently seal BP's blown out well. Retired Coast Guard Adm Thad Allen says the final kill could occur early next week or not at all if testing shows risk. The plan hinges on finishing a relief well and executing a bottom kill, though a top plug may suffice.
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