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Obama’s budget gambit: Return of the 'grand bargain'?

President Obama is for the first time proposing a budget that includes changes to Social Security and Medicare. This infuriates the left but could open the door to compromise with Republicans. 

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President Obama, accompanied by acting Budget Director Jeffrey Zients, discusses his proposed fiscal 2014 federal budget in the Rose Garden of the White House on Wednesday.

J. David Ake/AP

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For the first time, President Obama has proposed changes to Social Security and Medicare in his annual budget proposal – triggering outrage on the left and grudging credit from some Republicans.

Nobody is completely happy with the president’s budget, including Mr. Obama himself, as he made clear in his Rose Garden remarks Wednesday when he spoke of changes to entitlements.

“I don't believe that all these ideas are optimal,” the president said, not even referring to Social Security by name, “but I'm willing to accept them as part of a compromise if and only if they contain protections for the most vulnerable Americans.”

 
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