President gives away the store in fiscal negotiations
- Jon Queally, staff writer
Reports indicate that Obama has willingly affronted public opinion,
sound economics, and his political base of supporters by agreeing to
make significant cuts to Social Security, health programs, education,
and other programs while at the same time making some of the most odious
benefits for the nation's financial elite permanent.
In a new
deal—though certainly out of step with "
the
New Deal"—offered by the White House late Monday, President Obama
showed that he'd rather cut health and social service programs for the
nation's poor and elderly than allow tax rates for some of the nation's
wealthiest individuals to go up.
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