It sure sounded like Obama had cuts to SS, Medicare and Medicaid on the table

[Cali_Democrat]

in the name of a "balanced approach" to deficit reduction.

Am I wrong?

[Safetykitten]

1. You are incorrect in 5...4...3....2......

[Gin]

3. he didn't mention SS in this speech..interesting

[MannyGoldstein]

4. "Entitlement reform"

Great stuff, great stuff.

[woo me with science]

6. That's what I heard. nt

[Safetykitten]

12. The best.

[FLyellowdog]

2. I didn't hear SS in there. Did I miss it?

[high density]

5. Balanced approach = raise taxes on the rich

Republicans refuse this

[babylonsister]

7. lol! That was fast. nt

[Cali_Democrat]

8. LOL!

:hi:

[INdemo]

9. Yes..he said entailment cuts..could only mean

SS Medicare,Veterans pensions,or retired Congressmen pensions..

[Safetykitten]

11. And we have a winner...

[INdemo]

14. just in case you weren't paying attention

[boppers]

16. Actual quote:

"I think that's a much better path, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform."

http://www.cbsnews.com/8301-503544_162-20083258-503544.html

Interesting chart, notice where the biggest required spending is going:


(From: http://en.wikipedia.org/wiki/United_States_federal_budget#Mandatory_spending_and_entitlements )

[CreekDog]

18. In 2035!!!! WTF...we're talking about a problem next week

:wtf: :banghead:

[boppers]

20. Yeah, for *mandatory* spending.

If we eliminated the US military, we'd be set for much longer.

[SadPanda]

10. I highly doubt that this President would sign a bill that cuts social security or medicare

I think the next bitching line will be more about education and public service workers than the base entitlement systems.

[abelenkpe]

13. No. Bummer. Nt

[golfguru]

15. If Obama wants to reform entitlements,

I am afraid he is just addressing to the reality of situation. Without entitlement reform, the national debt will keep growing faster and no amount of tax increases can stop it. As the national debt grows bigger in relation to GDP, it affects the credit rating of US bonds, meaning it will cost more to service the debt. So, I favor a balanced approach, to include removal of all Bush tax cuts, modest cuts in entitlements, and significant cuts in discretionary spending with lion's share of cuts going to military.

[Hoyt]

17. Pretty small cuts, if any. None for those at lower levels. Get's it over with for awhile. And

If this whole package does something for the economy and jobs, I'm for them. It's a good investment in our country's future. And, I'd hope we'd see revenues/taxes at upper level increased no later than 2012.

We lose 2012, this ain't nothing compared to what we might see.

[Fearless]

19. You are right. And no taxes for the wealthy too.