Voice of America Excerpt:
He said that panel will consider all options, including tax increases and cuts to social welfare programs like Medicare. [...] The president called the proposal a compromise that lets the country avoid default while making a serious down payment on deficit reduction.
Yeah right. In December, Obama called extending the Bush tax cuts in exchange for unemployment compensation, both deficit generators, a necessary compromise. Now he's throwing Social Security and Medicare under a bus as another necessary compromise for the nation to avoid default? I'm not buying it anymore. And they're going to consider tax increases later? Who are they trying to kid?
Republicans Already Plotting To Bind The Debt Reduction Committee
Even so, it appears Boehner is already pushing the goal posts. A bipartisan debt reduction committee established by the proposal is charged with looking for ways to reduce the deficit by either cutting spending or increasing revenue. But Boehner put out a statement tonight titled, “Two Step Approach To Hold President Obama Accountable,” saying Republicans intend to bind the commitee with accounting rules to “effectively mak[e] it impossible for Joint Committee to increase taxes.” Obama said in his address that he would push for a “balanced approach” on the committee.
Progressive Co-Chair Rep. Raúl M. Grijalva, "This deal is a cure as bad as the disease. I reject it, and the American people reject it." Read More Here.
Fire Dog Lake - On Grijalva Statement Opposing the Bill He Voted For Yesterday When it was Reid's
New York Times columnist Paul Krugman calls the deal a "catastrophe on multiple levels."
The White House, on the other hand, calls it "A Win for the Economy and Budget Discipline."
Former Secretary of Labor Robert Reich argues "the radical right has now won a huge tactical and strategic victory."
Debt madness was always about killing Social security
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