Obama Aide On Social Security Cut Story: It ‘Overshoots The Runway’
The Obama administration is pushing back against a Wednesday night report that the president is prepared to offer cuts to Social Security as part of a deal to raise the debt ceiling.
“The story overshoots the runway,” said a senior administration official. “The President said in the State of the Union that he wanted a bipartisan process to strengthen Social Security in a balanced way that preserves the promise of the program and doesn’t slash benefits.”
“While it is definitely not a driver of the deficit,” the official added, “it does need to be strengthened.”
[full story: Huffington Post]