Pelosi throws FDR under the bus
President Barack Obama's latest offer in the fiscal cliff negotiations would allow the payroll tax holiday to expire, meaning middle-class workers will see smaller paychecks in 2013. It also proposes a Social Security reform known as "chained CPI" that would reduce the benefits senior citizens receive through Social Security.
Additionally, Obama's latest offer would permanently extend the Bush tax cuts for incomes of less than $400,000. Previously, the president had insisted that taxes increase on families with income above $250,000.
Despite these changes, Pelosi said she could convince her caucus to get behind such a plan, if need be.
"Do you think you could sell it to your caucus?" MSNBC host Andrea Mitchell asked Pelosi in an interview on Tuesday.
"I do," replied Pelosi, adding, "Yes, the Democrats will stick with the president -- and maybe not every single one of them."
President Obama will under no circumstances agree to put your retirement at risk by privatizing Social Security, and he will reject any plan that slashes Social Security benefits.
Of course, chained CPI isn't a "slash," it's a slow bleed. So there's that.
Have I mentioned lately what an asshole Obama is?