Sunday, April 7, 2013

Obama looks to show he's willing to compromise over budget.

President Obama will reportedly offer cuts in Social Security and Medicare in a budget that he is due to propose on Wednesday next week as he attempts to demonstrate that he is prepared to compromise with Republicans. Obama will also offer to use "chained CPI" to limit the cost-of-living increases to the programs. The president, though, still wants tax increases for the rich, as well as infrastructure investment.