SMRs and AMRs

Tuesday, March 15, 2011

Social Security reform splits White House political, economic teams

By Alexander Bolton -
The Hill
03/15/11 06:00 AM ET

Social Security reform is splitting President Obama’s economic and political advisers.

Obama is being pulled in opposite directions by those whose priorities are fiscal and those whose No. 1 concern is electoral.

Treasury Secretary Timothy Geithner, National Economic Council Director Gene Sperling and Sperling’s deputy, Jason Furman — leading figures in the president’s economic team — are pressing Obama to cut Social Security benefits if necessary, say sources familiar with their positions.

But Obama’s political team, led by David Axelrod, David Plouffe and Jim Messina, are urging the president to understand that backing benefit cuts could prove disastrous to his 2012 reelection hopes, sources say.

(More here.)

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