Pres. Obama has raised his sights and now wants to strike a far-reaching deficit reduction...


Pres. Obama has raised his sights and now wants to strike a far-reaching deficit reduction agreement that would include deep cuts in Social Security and Medicare, reports say. Speaker John Boehner met secretly with Obama last weekend, NYT says, and offered to consider as much as $1T in new revenues in exchange for $3T in spending cuts.

Comments (3)
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    We've seen this song and dance before but this time we ain't buyin' it. Raising taxes during recession/depressions don't "raise revenue," particularly not a trillion dollars.

     

    The so-called cuts, really just slower increases in the growth of big government, will never materialize.

     

    We have to see real cuts, real shrinkage of government.
    7 Jul 2011, 09:37 AM Reply Like
  • Rob Viglione
    , contributor
    Comments (331) | Send Message
     
    I certainly doubt Obama would be willing, or able, to make real cuts in programs that are widely popular with his voting base. It's at least refreshing to hear him make the right commentary...my fingers are crossed he follows through.
    7 Jul 2011, 10:14 AM Reply Like
  • Gaping hole in the ocean
    , contributor
    Comments (210) | Send Message
     
    I certainly doubt Boehner would be willing, or able, to make real cuts in programs that are widely popular with his voting base. I wish he could make some comments that are reassuring. I'm waiting to watch them all crash into the wall. Time will tell if the Ds will fold like they usually do.
    7 Jul 2011, 10:35 AM Reply Like
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