The 22 lawmakers, in a letter today to Obama, demanded he work out an agreement similar to the 1983 deal between President Ronald Reagan and then-House Speaker Tip O’Neill, a Massachusetts Democrat, that shored up the Social Security trust fund.
That deal raised taxes. Still how do you shore up the trust fund by cutting benefits?
“A similar show of leadership from you and from congressional leaders of both parties is necessary to address the long-term fiscal challenges facing our country,” the letter said. “Without action to begin addressing the deficit, it will be difficult, if not impossible, for us to support a further increase in the debt ceiling.”
*cough* hostage *cough*
:rofl:
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore