President Obama has said he wants to use a looming deadline over raising the amount Congress is allowed to borrow to work a deal with Republicans on something "big."
And now he plans to propose major changes to Social Security as part of that "grand bargain," which he hopes will reduce the deficit by as much as $4 trillion over the next decade, administration sources tell CBS News.
Mr. Obama is scheduled to meet at the White House Thursday morning with congressional leaders, including House Speaker John Boehner, from both parties to negotiate a deficit reduction deal.
So let me get this straight: you'll trade a piece of the retirement plans of hundreds of millions of Americans in exchange for some minor, and I stress minor sacrifices made on the part of the richest 250,000 thousand of us?
What? Really?
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