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Wednesday, March 13, 2013

Griper Blade: Putting Social Security and the Economy in Chains

Length of chain
It's one of those bad news/good news sorts of things. The bad news is that President Obama is definitely looking at some sort of benefit cut in entitlement spending. The good news is that congressional Democrats most definitely do not agree -- and if they say it doesn't happen, it doesn't happen. After President Obama met with Republicans to iron out some sort of a deal on deficit reduction, he met with Senate Democrats to pitch ideas to them. It was not a sale.
The Hill: ...Though they are his most powerful congressional allies, there is tension in that relationship too given fears of liberal Democrats that Obama will make too many concessions with House and Senate Republicans on entitlement cuts, all in the hope of reaching a deficit deal. Obama stood firm Tuesday when pressed to back away from benefit cuts during the meeting with the Senate Democratic Conference, according to lawmakers who attended. [...] [B]ehind closed doors, liberals in the Senate caucus raised concerns about Obama’s readiness to consider cuts to Social Security benefits and his support for a deficit-reduction package evenly split between spending cuts and tax increases...[CLICK TO READ FULL POST]

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