Pharaoh Obama is demanding “something big” from Congress – in order to reduce the massive deficits he has run up. Here’s what he’s offering: a new gauge to measure inflation on Social Security payments, to reportedly save $200 billion over the next ten years.
The tradeoff would be for Republicans to agree to commit political suicide and agree to raise taxes. And – as I pointed out on my show – they’d also end up taking the blame for Obama’s cuts to Social Security! It’s a no-brainer rotten deal – for Republicans.
But some of the loudest howls of protest are coming from Democrats. The almost-invisible House minority leader, Nancy Pelosi, jumped all over Obama’s plan – saying there was no way her caucus would ever support it. She even resorted to the class-warfare language Democrats typically aim at Republicans. She lectured Obama: “Do not consider Social Security a piggy bank for giving tax cuts to the wealthiest people in our country. We are not going to balance the budget on the backs of America’s seniors.”
The AARP – which sold out seniors when they supported Obamacare – said they won’t “accept any cuts to Social Security as part of a deal to pay the nation’s bills.”
Put aside Obama’s sham proposal. Eventually, we are going to have to deal with entitlements – including Social Security and Medicare – or end up like Greece. It should be clear to you that Democrats will never do it. They’d rather see the country bankrupt – than economically viable.
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