President Barack Obama is bringing together dozens of advisers and adversaries to discuss how to curb a burgeoning federal deficit laden with Social Security, Medicare and Medicaid obligations.Cutting the deficit, step one: don't be in the worst economic crisis since the depression. Step two: don't be in a position where you have to bail out any company with a net worth over $20 bucks, lest their collapse throw you into the stone ages. Step three: some sort of magic, or technology so advanced that it's like magic to us, that fixes the first two problems. Step four: political consensus on deficit cutting.
Obama's summit at the White House on Monday is the first meeting toward a strategy to address the long-term fiscal health of the nation. The gathering also comes as Obama prepares ambitious plans to cut the federal deficit by half within four years.
"It will require doing all we can to get exploding deficits under control as our economy begins to recover," Obama said in his weekend Internet and radio address. "That work begins on Monday, when I will convene a fiscal summit of independent experts and unions, advocacy groups and members of Congress to discuss how we can cut the trillion-dollar deficit that we've inherited."
Of those #4 is the most fantastical, but we'll let Barry figure that out if by some miracle the economy is fixed in the next four years so he can get to his plan of cutting the deficit. This is especially true since part of his big ass plan to reduce the cost of Medicare and Medicaid is a big heaping dose of government run communistical medicine and people have become more popular by shooting orphans in the face than by trying to 'fix' Social Security. But hey, they're all going to get together and talk, I'm sure we'll have a plan hashed out by afternoon tea.
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