Obama: No drastic cuts to Social Security benefits

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US - President Barack Obama, in his speech unveiling $4trn in budget cuts yesterday, said he wanted to avoid drastic cuts to Social Security, but that the system needs reform to strengthen it over the long haul.

Obama said: "While Social Security is not the cause of our deficit, it faces real long-term challenges in a country that's growing older. As I said in the State of the Union, both parties should wo...

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