Obama's Waning Leverage With the Democratic Party Left
slate.com — The Democratic Party contains much larger ideological fissures than the Republican Party, and one of those fissures is that the Obama administration favors cuts in Social Security and Medicare spending that liberal Democrats don't like. Part of Obama's strategy for maintaining Democratic Party unity as he pursues his fiscal policy agenda has been to take advantage of the fact that these same liberal Democrats generally believe that taxes—especially on the wealthy—are too low. So part of the hypothetical "grand bargain" is that Obama gives Congressional Republicans spending cuts that they want in exchange for giving him revenue increases that he wants. But another part of the hypothetical grand bargain is that liberals give Obama spending cuts that he wants as part of a package deal that includes tax hikes that liberals want.