Obama backs off Social Security cuts
Posted on 27 January 2011
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/obama-backs-off-social-security-cuts
President Obama’s deficit commission endorsed cutting Social Security benefits last month, and many wondered whether the president would endorse those cuts in his State of the Union message this week. Instead, the president reiterated the traditional Democratic position on Social Security in his address that he staked out as a candidate in 2008.
What happened in the weeks since the release of the commission report? A coalition of traditional Social Security backers and Democratic lawmakers seem to have convinced the White House to back away from the commission’s recommendations. Their case had two main points 1) Cutting benefits is bad policy, and 2) cutting benefits is bad politics.
Read more in my post at Reuters Prism Money.
Also see this excellent segment on Ed Schultz’s tv program on MSNBC, including an interview with Senator Bernie Sanders (D-Vermont):
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