By offering cuts to Social Security and Medicare in exchange for a rise in tax revenues, President Obama is making a huge mistake. There are a lot of people out there who will be relying on both Social Security and Medicare for their retirement needs. We will have to deal with them later and that is a mistake.
As far as I’m concern, any spending cuts – which Obama has given in to plenty – that do not come with a raise in taxes for the wealthy are unacceptable. We’re going to leave those who can ill afford it vulnerable and we’re already rewarding those who caused this mess in the first place. It’s time to hit the fancy bankers and CEOs who have laid off their fellow Americans in the pocketbook. If we tax the hell out of them, maybe they’ll start hiring to avoid paying taxes.
We, also, need to cut every subsidy for nearly every corporation – especially oil. But, that’s a discussion for another time.