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TURNS OUT the president many expected to revive the New Deal is out to bury it instead.
That's the inescapable conclusion following President Barack Obama's offer to trade cuts in the Social Security and Medicare programs--part of a projected $4 trillion in reductions over 10 years--in exchange for Republican votes to raise the U.S. debt ceiling by August 2.
In return for giving the Obama administration the authority to keep borrowing to finance government operations, Republicans were expected to bow to modest tax increases that will annoy the superrich and outrage Tea Party ideologues in the short term--but would actually lock in tax rates for the wealthy at historic lows over the long term.
Read more here: Claiming the Republican agenda as his own | SocialistWorker.org
Thoughts?
Comments?
Response?
Sounds like me he is just becoming another moderate right winger, like he wasnt one already :roll:
That's the inescapable conclusion following President Barack Obama's offer to trade cuts in the Social Security and Medicare programs--part of a projected $4 trillion in reductions over 10 years--in exchange for Republican votes to raise the U.S. debt ceiling by August 2.
In return for giving the Obama administration the authority to keep borrowing to finance government operations, Republicans were expected to bow to modest tax increases that will annoy the superrich and outrage Tea Party ideologues in the short term--but would actually lock in tax rates for the wealthy at historic lows over the long term.
Read more here: Claiming the Republican agenda as his own | SocialistWorker.org
Thoughts?
Comments?
Response?
Sounds like me he is just becoming another moderate right winger, like he wasnt one already :roll: