Neocons? Ha! Dems are in on it too. Obama the hero of hope and change has put into motion the biggest fuck job on the middle/lower class in history by creating a "deficit commission" who's express purpose is to slash Social Security, Medicare, and Medicaid. They even admit it. Here's how it will go down.
Obama’s commission will recommend a variety of deficit reduction measures to eliminate the big 3 with eventual goal money being funneled into Wall Street, the same group who made Obama set commission up, the same group who received bailouts, the same group who pays less taxes than a plumber. First they will institute benefit cuts and increasing the age in which benefits are received. Then they will introduce a limited option for personal savings accounts, for the young and/or as a percentage. Also they will implement a tiny, but ineffectual tax on the rich, to give the illusion that everybody is making a sacrifice.
As Market explodes from this new found money there will be a PR campaign showing just how rich you'll be following S&P vectors and Americans will be just gullible enough to trust their money to Wall Street and we will put all new Social Security money into Wall Street accounts.
I agree with the first part of what you said. The commission is being setup to reccomend cuts to the big entitlement programs, prob Def projects, and propose tax increases. I'll leave off on the wall st conspiracy theory, but it will be interesting to see what the final mix of reccs will be.
Regardless, its will likely be painful and unpopular, but has to be done in a commission like this for any chance of passing. It has to be an all in or all out in regards to both parties on the votes. Way too easy to demagogue, no one will want to vote for it, and any unanimity will cause the austerity cuts to fail as Congress runs for the hills.
Something has to be done or we will flounder and fail like Greece into insolvency and political infighting. The debts are unsustainable, and the demographics are against us. I thought last spring Obama had two years to run the high deficits to get the economy going again, after that it was too politically unpopular, at home and even abroad. Hopefully the economy will continue its slow upward trend, but no doubt that the next decade will be far less prosperous than the last two. Unfortunately I have little faith in the political climate of being able to aptly deal with such large, complex and serious issues that will be needed to steer us through this slowly evolving crisis.