President, Spending Cuts | featured news

Wednesday morning, President Barack Obama became the first Democratic president ever to propose cutting Social Security. Democrats spend so much time defending the president, it is easy to forget that even the most beloved presidents make mistakes and missteps. His new budget, which proposes a new method of calculating inflation increases in Social Security payments, is a doozy.

...In his first full-scale news conference since March, Obama said he was willing to compromise with Republicans to forge a deal on the nation's debt and taxes to avoid the "fiscal cliff," a combination of budget cuts and tax increases that will kick in next year if such an agreement is not reached.

President Barack Obama, two years into a presidency that increased spending to prime a weak economy, is turning his attention to the nation's crushing debt and trying to counter a Republican anti-deficit plan with a framework of his own that tackles politically sensitive health care programs while also increasing taxes....