On this day in history, off the coast of Spain, the fleet of the British Empire, under the command of Horatio Lord Admiral Nelson, engaged and decisively defeated a larger French and Spanish navy.
"........President Obama’s deficit commission........Sometime after Election Day but before the end of the year........will issue a series of recommendations. They are likely to include some or all of the following."
Raising the retirement age (currently 67 if you’re born after 1960)
Raising the early-retirement age (currently 62)
Raising the cap on wages subject to the payroll tax
Limiting benefits for higher-income retirees
Makes you wonder if the reaction will go something like this…