How many times can the Obama administration offer cuts to the social insurance system, before Americans realize that the focus on government deficits is just a ruse?
The mendacious focus on the deficit is just a tool to drive cuts in our social insurance programs, the only part of the government that is truly paid for through income taxes and FICA. The assault on working people continues:
According to this report, Gene Sperling, a senior White House economics adviser, offered to cut social insurance programs as a solution to the sequester budget cuts. Yesterday.
From a CNN Program:
President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday, as both sides in Washington tried to limit a fiscal crisis that may soon hit millions of Americans.
Signaling he might be ready to explore a compromise to end automatic spending cuts that began late Friday, Obama mentioned reforming these entitlement programs in calls with lawmakers from both parties on Saturday afternoon.
“He’s reaching out to Democrats who understand we have to make serious progress on long-term entitlement reform and Republicans who realize that if we had that type of entitlement reform, they’d be willing to have tax reform that raises revenues to lower the deficit,” White House senior economic official Gene Sperling said on Sunday on the CNN program “State of the Union.”
Obama and the Democrats are only interested in keeping taxes low for rich people and corporations. If it is hard for you to believe this is true, think of this koan, “Cuts to earned benefits are a form of taxation.” But only for people with incomes below the FICA cap of about 113K.
And, for Gene Sperling, this has been his plan for a long time.
This We-Must-Make-Cuts policy is 180 degrees opposed to what small business owners say. And if you ask the American people, the majority are opposed to cuts to social insurance programs too.
Photo by Center for American Progress Action Fund under Creative Commons License