President Threatens Cuts in Social Security

If Republicans in Congress insist on passing a finance bill that contains too many cuts to “vital programs” the President says he will veto it and make cuts in Social Security payments instead. The targeting of Social Security is, according to President Obama, “intended to get people’s attention.” “Look, if I cut back on things like high-speed rail subsidies, corporate bailouts, or bureaucratic headcounts I’d be playing right into my opponents’ hands,” Obama explained. “The average American isn’t going to be motivated to oppose Republican plans to cut spending if this is what we were to cut. But tens of...