Obama's Waterloo?If the president - goes along with the Gang of Six proposalS with its chained-CPI Social Security COLA formula, elimination of the mortgage deduction, and a further reduction in the marginal rate on the rich - just mention just a few items - he's toast. He will have effectively destroyed the linkage between the Democratic party and the New Deal and Great Society. It will be political suicide.
posted by Quiddity at 7/21/2011 01:51:00 AM
the ss indexing change when there's $2.7T in the trust fund is pure BS, as is the idea of trying to get the trust fund to last 75 years instead of the 25 it should.
But the mortgage deduction should go. It's just making homes more expensive, transferring the real gain from the home buyer to the real estate sector that collects its percentages.
Medicaid cuts are also bogus. If Obama lets that happen give me Bachmann so we can just get this thing over.
