Report: Obama To Give Away The Store

Jane Hamsher:

According to both the Washington Post and the New York Times, Obama is proposing cuts to Social Security in exchange for GOP support for tax hikes. Lori Montgomery in the Post:

At a meeting with top House and Senate leaders set for Thursday morning, Obama plans to argue that a rare consensus has emerged about the size and scope of the nation’s budget problems and that policymakers should seize the moment to take dramatic action.  As part of his pitch, Obama is proposing significant 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.

And Jay Carney’s carefully chosen weasel-words today do not contradict this:

“There is no news here – the President has always said that while social security is not a major driver of the deficit, we do need to strengthen the program and the President said in the State of the Union Address that he wanted to work with both parties to do so in a balanced way that preserves the promise of the program and doesn’t slash benefits.”

Nobody ever says they want to “cut” Social Security or Medicare. They want to “save” it.  Just ask Pete Peterson, he wants to “save” it. Likewise AARP.  They don’t want reduced benefits for senior citizens, they want to “preserve” it for future generations.  If they have an enormous customer base they can market private “add-on” accounts and other retirement products to when Social Security goes bye-bye, I guess that’s just a happy coincidence.

I do not know what to say. Damn the man. Goddamn the man. Will that do for now?

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