Obama Aide On Social Security Cut Story: It 'Overshoots The Runway' (UPDATED)
Thursday, July 7, 2011
For months, the standard narrative among progressiv
President Obama is pressing congressional leaders to consider a far-reachi ng debt-reduc tion plan that would force Democrats to accept major changes to Social Security and Medicare in exchange for Republican support for fresh tax revenue. . . . As part of his pitch, Obama is proposing significan t reductions in Medicare spending and for the first time is offering to tackle the rising cost of Social Security, according to people in both parties with knowledge of the proposal. The move marks a major shift for the White House and could present a direct challenge to Democratic lawmakers who have vowed to protect health and retirement benefits from the assault on government spending.
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