Markos Moulitsas: Seriously, what the hell is Obama thinking?

Kos ..

I can’t imagine President Barack Obama actually wants to cut Social Security. I’m not that cynical. Yet. If this was really about “saving” a program that is solvent for several more decades, all he’d have to do was raise the cap on payroll taxes. Right now, earnings above $110K-ish don’t pay a Social Security tax. Why? Who the hell knows. But you raise that (or eliminate it altogether), and any potential future Social Security problem evaporates .. If Obama’s goal was to look weak and isolate himself, generating bipartisan scorn and ridicule while giving Republicans a chance to claim Democrats want to cut Social Security during 2014 elections, then sure, mission accomplished. If he actually thought he was accomplishing something useful, however … the mind reels

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This entry was posted on Wednesday, April 10th, 2013 at 11:05 AM and filed under Blog Posts, Economics, Politics. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.

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