So while the election lumbers on like the death rattles of the wounded animal known American democracy, no one on either side is asking what the plan is for the next term. For Obama, his team is going into rooms of donors and shouting “Supreme Court”, while mumbling something about bipartisanship and $4 trillion, or Simpson-Bowles. What this means is that term two of the Obama White House will be organized around cutting entitlements.
Read it at Naked Capitalism
Obama’s Second Term Agenda: Cutting Social Security, Medicare, and/or Medicaid
Matt Stoller, a political analyst on Brand X with Russell Brand, and a fellow at the Roosevelt Institute