Cenk Uygur of the Young Turks says, in Obama Will Ride to the Rescue … for Republicans:
The Republicans have put themselves in a holy mess with this Plan B debacle. They now have less than zero leverage. They are a national laughingstock. A majority of the country now thinks they are “too extreme.” They just got walloped in the election. And with the tax cuts set to expire the laws are rigged against them as well.
There is only one person who can rescue the Republican Party now — Barack Obama. And he will. I have been saying for over two years now that President Obama is dying to do the Grand Bargain. He will do it at any cost. In fact, he actively wants to cut Social Security and Medicare. He can’t wait for that pat on the back from the establishment when they finally call him post-partisan, above party politics, and a statesman for screwing over his own voters. This is by far his greatest wish.
I hope this isn’t true, but I suspect it is.
Social Security hasn’t contributed a penny to the national debt. In fact, Congress raided it already to pay for the Bush wars. Now that they’ve wasted trillions on the wars and on bailouts for billionaires, they want to take away the benefits that we’ve paid for — Social Security and Medicare taxes have been nearly as high as the income tax portion of the tax bill. They should cut the bloated military budget — as large as the next 20 nations combined — instead of raiding Social Security. But Obama’s proposed budget cut more from Social Security than from defense. (See Breaking news: Obama will cut Social Security, largely spare the Pentagon, and retain many Bush era tax cuts, Note to Incumbents on Social Security, and Panetta: We Need to Cut DOD Budget, for starters.)