October 4, 2012

A CHOICE OF REPUBLICANS:

Obama in Wisconsin After Lackluster Debate (Ruth Conniff, October 4, 2012, The Progressive)

The most ominous part is not even his failure to score some obvious rhetorical points on Romney (to mention the 47% comment, for example, or attack to the Paul Ryan budget plan).

The most ominous part is in the details of what the President and Romney only briefly referred to when they both embraced the Simpson Bowles plan.

The Simpson Bowles commission, appointed by President Obama, has proposed a deficit-reducing program that would undermine to Social Security and Medicare, as economist Paul Krugman has warned.

In the Senate, Democrats and Republicans are working on a bipartisan compromise, with the President's blessing, that would take Simpson Bowles as a starting point and make "changes to Social Security, broad cuts in federal programs and actions that would lower tax rates over all but eliminate or pare enough deductions and credits to yield as much as $2 trillion in additional revenue," The New York Times reports.

In other words, in order to steer clear of the "fiscal cliff" and automatic tax hikes and budget cuts that take effect January 1, Obama may--after winning the election because voters want him to defend Medicare and Social Security and protect the poor and middle class--sign off on a deficit-reduction deal that undermines Medicare and Social Security, makes deep cuts in other programs that help the non-rich , and pushes lower income Americans right over the edge.

Posted by at October 4, 2012 7:12 PM
  

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