Dean Baker: Will Seniors Have to Pay for President Obama’s Victory on Budget Standoff?

It is widely reported that the Republicans are looking for a face-saving way to back down from the standoff they created on the budget and the debt ceiling. According to these news accounts, this route could involve another stab at the “grand bargain,” a deal that includes some tax increases and cuts to Social Security and Medicare. 

This prospect should inspire outrage beyond the fact that it would make the Republicans huge winners coming from a disastrous losing position. (Polls show that shutting down the government to keep people from getting health care is not a popular position.) That’s an issue for political junkies; the more important point is that millions of seniors who are already struggling would be asked to make further sacrifices for basically no reason whatsoever.