I saw this as breaking news on The Ed Schultz show tonight. If it's true I'm through as a Dem.
By Lori Montgomery, Wednesday, July 6, 8:38 PM
President Obama is pressing congressional leaders to consider a far-reaching debt-reduction plan that would force Democrats to accept major changes to Social Security and Medicare in exchange for Republican support for fresh tax revenue.
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. 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.
Rather than roughly $2 trillion in savings, the White House is now seeking a plan that would slash more than $4 trillion from annual budget deficits over the next decade, stabilize borrowing, and defuse the biggest budgetary time bombs that are set to explode as the cost of health care rises and the nation’s population ages.
I'm sure that Obama once again is trying to look like the adult in the room, the reasonable one. I'm tired of the reasonable Obama. I want a president that will fight for the people like FDR did. The one biggest advantage that Democrats have with the people Obama will be gone. Wait for the ads stating that Democrats want to take away your social security and medicare. Come November 2012 no one will remember the Ryan plan thanks to the compromiser-in-chief.