When Obama unveils his annual budget in late February or March, Summers promises that the President "is going to describe the kinds of approaches he wants to take to the entitlement problems that have been ignored for a long time." Some options might include delaying retirement, stretching benefits and lifting the cap on taxable earnings...So sweet. So cozy. This is who Obama is. And if you're looking for him to save you, or the New Deal, you can put that shit on ice for the duration. Meet the new boss, baby; same as the old boss. And you can tell yourself "at least he's not evil" from now until doomsday, but you don't have to be evil to do irreparable damage. You only need to be callow.
On that front, Republicans could come to Obama's rescue. Senate minority leader Mitch McConnell has told Obama in person that his party favors entitlement reform and would work for passage if both parties shared the risk.
Saturday, July 16, 2011
Try To Remember
God bless the internet...and thanks to Digby for linking to Tiny Revolution's disinterment of an old Time Magazine article referencing the Obama plan of 2009: