Entitlement Cuts to Affect American Senior Citizens


During the federal budget cut contentions, President Obama reached out to balance the spending budget: cuts in entitlement.

Elder Americans will not be happy as these entitlement cuts involve reductions in Social Security and Medicare. These entitlements comprise the major part of federal spending, and shrinking them down would mean incomes.

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The Charities Aid Foundation has set up a scheme, called the Social Enterprise Assist, that will render interest-free loans of up to £10,000 each to help social enterprise start-ups.




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