Obama Budget to Include Cuts to Programs in Hopes of Deal

From the New York Times

President Obama next week will take the political risk of formally proposing cuts to Social Security and Medicare in his annual budget in an effort to demonstrate his willingness to compromise with Republicans and revive prospects for a long-term deficit-reduction deal, administration officials say.

In a significant shift in fiscal strategy, Mr. Obama on Wednesday will send a budget plan to Capitol Hill that departs from the usual presidential wish list that Republicans typically declare dead on arrival. Instead it will embody the final compromise offer that he made to Speaker John A. Boehner late last year, before Mr. Boehner abandoned negotiations in opposition to the president’s demand for higher taxes from wealthy individuals and some corporations.

Congressional Republicans have dug in against any new tax revenues after higher taxes for the affluent were approved at the start of the year. The administration’s hope is to create cracks in Republicans’ antitax resistance, especially in the Senate, as constituents complain about the across-the-board cuts in military and domestic programs that took effect March 1.

Mr. Obama’s proposed deficit reduction would replace those cuts. And if Republicans continue to resist the president, the White House believes that most Americans will blame them for the fiscal paralysis.

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  1. Carol Sidofsky on April 11, 2013 at 5:16 pm

    I want my donation money back from Pres. Obama, because if his horrible “Chain CPI” (sneaky way to slash Social Security benefits) goes through, I’ll need that donation money, to help pay bills!

    What a flip-flopper! Pres. Obama said he would always back Social Security, and guess what–he fibbed!

    Let’s tell our Washington D.C. Senators and Representatives, that if they want our vote ever again, they must PROMISE to vote NO on any bill that contains “Chained CPI”, for determining Social Security benefits!

    No changing the rules in midstream! We put money in, all these years, so Social Security is not an “entitlement”–it’s more of a pension fund.

    Pres. Obama is really a Republican in Democratic clothing, pretending to be a Dem. (altho too many Dems are “sheep”, and are acting like “asses”/donkeys).

    Let’s PRIMARY all Senators & Representative (in Washington, D.C.), who refuse to stand up for us seniors who are not as rich as they are, with their great health plans in Washington, D.C.

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