Obama's Next 'Cave-In': Social Security

Deficit commission, tax cut deal set course for disaster

By Matt Cantor,  Newser Staff

Posted Dec 13, 2010 6:23 PM CST

(Newser) – President Obama already caved on tax cuts, and next up is Social Security, writes Robert Kuttner on the Huffington Post. The tax cut deal will increase the deficit by some $900 billion—offering more leverage to deficit hawks and “adding to the artificial hysteria that Social Security is going broke.” And Obama’s deficit commission is already calling for raising the retirement age, creating the “blueprint” for disaster.

Obama has “signaled” to congressional Democrats that Social Security cuts could be “part of a grand deficit-reduction deal,” writes Kuttner. Meanwhile, right-wing pundits are encouraging the president in “a very cute game,” suggesting he was victorious on tax cuts. A tougher president would have pledged before the midterms never to cut Social Security. Obama instead appointed a commission ready to “cut the Democrats' signature program.” The Dems’ “civil war” is set to “deepen,” Kuttner concludes.

In this Dec. 7, 2010, file photo President Barack Obama speaks at a White House news conference in Washington.
In this Dec. 7, 2010, file photo President Barack Obama speaks at a White House news conference in Washington.   (AP Photo/J. Scott Applewhite)
« Prev« Prev | Next »Next » Slideshow

The supposed crisis of Social Security is a phony. Social Security is financed by payroll taxes. Reduce unemployment, increase wages, and the crisis disappears. - Robert Kuttner

« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
16%
5%
6%
41%
13%
18%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment