Because I respect his opinions and his writings very much.
http://www.thenation.com/article/162337/obamas-bad-bargain<snip>
The most distressing outcome of the deficit hysteria gripping Washington may be what Barack Obama has revealed about himself. It was disconcerting to watch the president slip-slide so easily into voicing the fallacious economic arguments of the right. It was shocking when he betrayed core principles of the Democratic Party, portraying himself as high-minded and brave because he defied his loyal constituents. Supporters may hope this rightward shift was only a matter of political tactics, but I think Obama has at last revealed his sincere convictions. If he wins a second term, he will be free to strike a truly rotten “grand bargain” with Republicans—“pragmatic” compromises that will destroy the crown jewels of democratic reform.
The president has done grievous damage to the most vulnerable by trying to fight the GOP on its ground—accepting the premise that deficits and debt should be a national priority. He made the choice more than a year ago to push aside the real problem—the vast loss and suffering generated by a failing economy.
As a conservative reformer, Obama embraced a bizarre notion of “balance.” The budget cuts he first proposed would have punished the middle class and vulnerable three times with a big stick, shrinking Social Security, Medicare and Medicaid benefits while hitting the wealthy only once with a modest tax increase. When Democrats complained that this wasn’t fair, Obama adjusted the “shared sacrifice” to a dollar-for-dollar ratio. Take a dollar from working stiffs who need these programs, take a dollar from the superrich who don’t need a tax break. How fair is that?
Obama’s facile arithmetic essentially scrapped the Democratic Party’s longstanding commitment to progressive taxation and universal social protections. The claim that cutting Social Security benefits will “strengthen” the system is erroneous. In fact, Obama has already undermined the soundness of Social Security by partially suspending the FICA payroll tax for workers—depriving the system of revenue it needs for long-term solvency.
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