Obama Would Pay Jobs Plan Tab With Medicare, Medicaid Cuts And Tax Hikes
The jobs packaged unveiled Thursday by President Barack Obama includes a "pay for" plan that relies in part on trims to Medicare and Medicaid — a provision that Republicans may use to undermine his political messages during the upcoming campaign season.
The Associated Press/Washington Post: Obama Would Pay For Jobs Plan With Spending Cuts, Tax Hikes And Trimming Medicare And Medicaid
President Barack Obama wants to pay for his new $450 billion jobs plan with a mixture of tax increases, spending cuts and trims to Medicare and Medicaid. He says he'll release specifics a week from Monday along with a proposal to stabilize the country's long-term debt (9/8).
The Fiscal Times: Obama's $447 Billion Jobs Plan Cuts Medicare, Taxes
Many Democrats are planning to use Republican support for privatizing Medicare as a major campaign issue in next year's elections. Casting an "aye" vote for a stimulus "pay-for" that includes Medicare cuts will undoubtedly be used by Republicans next year to undercut their message (Goozner, 9/9/).