August 10, 2011
The Washington Post told readers that Senator John Kerry’s appointment to the Supercommittee that is supposed to come up with $2.5 trillion in deficit reduction “could help appease liberals.” Senator Kerry has repeatedly expressed his willingness to cut Social Security and Medicare, despite the fact that retirees and near-retirees saw much of their wealth destroyed with the collapse of the housing bubble.
It is difficult to see why liberals would be appeased this selection, especially since the Republicans selected are likely to be adamantly opposed to any tax increases.
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