Well, not immediately. His first reaction to the crisis and the deaths of the Navy Seals was to go golfing, obviously.
But when he finally rolled into the office around 2pm on Monday, Obama proposed to make the debt crisis even worse by extending the payroll tax cut. That's the tax that funds the already underfunded Social Security program.
Why stop funding Social Security? Because the extra 2% in people's paychecks will make them feel better now even if we are just stealing it from the future. And feeling a little better now might help get Obama re-elected.
47% of Americans pay no federal income tax already. These freeloading deadbeats are a big part of Obama's base. Now he wants to give them Social Security without paying for it too.
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
CNBC : As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest...