Budget, Spending Cuts | featured news

Wednesday morning, President Barack Obama became the first Democratic president ever to propose cutting Social Security. Democrats spend so much time defending the president, it is easy to forget that even the most beloved presidents make mistakes and missteps. His new budget, which proposes a new method of calculating inflation increases in Social Security payments, is a doozy.

It sounds like a pretty good starting point for negotiations: The White House and Capitol Hill Democrats say they're ready to meet the GOP halfway in the latest round of budget talks, offering $50 billion in cuts compared with Republicans' proposed $100 billion worth of reductions....

President Obama will propose $17 billion in spending cuts today, less than half of 1% of his budget, including cuts in weapons ...