Wealthiest Kissed, Weakest Kicked: Obama's Ugly 'New Deal' Offers to Cut Social Security

President gives away the store in fiscal negotiations

- Jon Queally, staff writer 

 

Reports indicate that Obama has willingly affronted public opinion, sound economics, and his political base of supporters by agreeing to make significant cuts to Social Security, health programs, education, and other programs while at the same time making some of the most odious benefits for the nation's financial elite permanent.

In a new deal—though certainly out of step with "the New Deal"—offered by the White House late Monday, President Obama showed that he'd rather cut health and social service programs for the nation's poor and elderly than allow tax rates for some of the nation's wealthiest individuals to go up.