Obama triangulates away from Petersen, toward Orszag, but that still means Social Security cuts
Social Security: White House Triangulates Against Pete Peterson
There is going to be a huge push from the center-right to cut Social Security as the price of a buy in on health care reform. "Anonymous White House sources" seem to be laying the groundwork for a "victory" if Orszag's plan of "modest tax hikes and benefit cuts" saves the benefits of baby boomers from Pete Peterson's axe. But since they're never named, we don't know who we're supposed to hold accountable for what appears to be a bunch of weasel words that don't let us know what Rahm Emanuel and Lindsay Graham are really talking about behind closed doors.
I'm betting that before this is over, we're going to have it out over whether "liberals" find it acceptable to have reductions in Social Security benefits. Not that they need our support -- it could be achieved with a NAFTA-style Blue Dog/Republican coalition -- but it will still be interesting to find out where everyone comes down.
Baby-Boomers didn't just pay for their parents' retirement during their working lives, but also for their own, thanks to Ronald Reagan giving us the biggest tax hike in American history - on payroll taxes.
I paid for those benefits, Mr. Obama. Why are the people you invited to that conference trying to steal them?