As President Obama tries to broker a compromise budget deal that would allow Congress to raise the national debt ceiling before an August 2 deadline, he may appease Republicans by cutting funding for Medicare and Social Security. Congressional Democrats say they have ruled out any gutting of Social Security, but there are concerns the cuts could still be achieved through a backhanded approach. Retiree benefits are set by the Consumer Price Index, which is used to calculate cost-of-living benefits. Obama and top Democrats have left open the possibility of readjusting the CPI, which could effectively amount to a cut for Social Security recipients. For more on this debate, we speak with Rep. Raúl Grijalva (D-Ariz.), co-chair of the Congressional Progressive Caucus, which has sent President Obama a letter calling for the protection of Social Security and Medicare under any deficit deal. “It has nothing to do with a fiscal policy,” Grijalva says. “It has to do with ideological positions on social programs and domestic programs and how you dismantle and get rid of them. That’s the agenda. I think the American people see through this smoke and mirror." [includes rush transcript]moreless
Please read the following before uploading
Do not upload anything which you do not own or are fully licensed to upload. The images should not contain any sexually explicit content, race hatred material or other offensive symbols or images. Remember: Abuse of the TV.com image system may result in you being banned from uploading images or from the entire site – so, play nice and respect the rules!