Linda Beale at ataxingmatter notes and demolishes the amazing and imaginary confluence of thought as advanced by a possibly-only-suitable-for-fish-wrap major newspaper on how to reduce the deficit and plunge the US middle class back into indentured servitude at the same time. Beale says it better and more comprehensively than I can.
Obama doesn't seem willing to fight any fight. He quits before he starts, disgusting liberals who understand that a democracy cannot survive based on the kind of "free market capitalism" espoused by the oligarchs who benefit from it. So there is already talk of extending the Bush tax cuts for the wealthy, which have nothing at all to do with jobs, entrepreneurship, innovation, or growth of the US economy and everything imaginable to do with elitism, power, and hording of productivity gains for the G.W. Bush fan club of have-mores.
So it is perhaps not so surprising that the WaPo is already declaring that a "consensus is forming on what steps to take in cutting the deficit." Story by Lori Montgomery, WaPo, Nov. 22, 2010. Ms. Montgomery takes the pundits and neo-con/neo-lib descriptions as god's truth as she describes "a surprising consensus" around "the sacrifices necessary to achieve those goals [of less debt and smaller government]" being "Big cuts at the Pentagon. Higher taxes, including those on home ownership and health care. Smaller Social Security checks and higher Medicare premiums." Once again, the neo-con faction has used its corporate-owned media to hone its message that there is no choice (false note of sadness) but to cut those deficit-causing "entitlements" like Social Security and Medicare.
Please read all of Beale's post. She provides a comprehensive and true analysis of the issues and an invaluable list of the Bowles-Simpson Committee members' a priori tax and economic predilections that resulted in (surprise!) recommendations to gut the middle class and the elderly.
hat tip, rjs.