Obama's Next 'Cave-In': Social Security
Deficit commission, tax cut deal set course for disaster
By Matt Cantor, Newser User
Posted Dec 13, 2010 6:23 PM CST
In this Dec. 7, 2010, file photo President Barack Obama speaks at a White House news conference in Washington.   (AP Photo/J. Scott Applewhite)

(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.

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Showing 3 of 10 comments
Angelo_Frank
Jan 16, 2011 10:40 AM CST
A Democratic President caving in to the Republicans on cutting Social Security. I guess he really wants to be a one-term President. This move would substantiate all the speculation about Obama merely being a water carrier for Wall Street and the banksters.
lux
Dec 14, 2010 5:21 PM CST
Obama is a fucking pussy.
lefttheleft
Dec 14, 2010 11:23 AM CST
Social Security will be the last, and most spectacular, shoe to drop as America becomes insolvent. Making it free-market based is among the few options left before it is too late to salvage.