Obama to shield Social Security in deficit-reduction

That was a deal the GOP should have taken when they had the chance. It appears as if the President has had a change of heart on this issue. I hope he stands firm and does let the House bully him again. If he really is concerned more about the American people more than he is at getting re-elected, then he will stand his ground.

President Barack Obama will shield Social Security from cuts in his new deficit-reduction plan, the White House said Thursday, pulling back on a key concession from his failed “grand bargain” negotiations with House Speaker John Boehner.

“The president’s recommendation for deficit reduction will not include any changes to Social Security because, as the president has consistently said, he does not believe that Social Security is a driver of our near and medium term deficits,” White House spokeswoman Amy Brundage said in a statement. “He believes that both parties need to work together on a parallel track to strengthen Social Security for future generations rather than taking a piecemeal approach as part of a deficit reduction plan.”

Obama’s decision means changes to the inflation calculator for Social Security will not be in the package, according to the White House.

Read more at source


Related Posts Plugin for WordPress, Blogger...