The New CS Board

[jumanji0881]

Obama on entitlements

My comment: It should be an interesting battle over the next two months and beyond with the Democrats vowing to not cut and the Republicans vowing not to raise taxes. I suspect they will compromise and do neither.


Obama defends entitlements in speech : http://www.marketwatch.com/story/obama-defends-entitlements-in-speech-2013-01-21?siteid=bigcharts&dist=bigcharts
Excerpts:
WASHINGTON (MarketWatch) — President Barack Obama on Monday used his inaugural address to put Republicans on notice that he’ll fight for robust entitlement programs and against climate change, digging in ahead of what will prove to be a blistering fight over U.S. government spending and deficits.

At the same time, however, the 51-year-old former senator laid out goals for his second term that are certain to provoke the partisan wrangling that both sides were careful to avoid on Monday.

“The commitments we make to each other through Medicare and Medicaid and Social Security, these things do not sap our initiative, they strengthen us,” Obama said.