President Obama met with congressional leaders Sunday evening, but failed to break a partisan stalemate over how to raise the federal borrowing limit. Democratic and Republican lawmakers are divided on how far the parties should go in cutting the deficit over the next decade or whether tax cuts and entitlement reductions should be a part of any deal. Last week, news reports indicated President Obama is now backing significant cuts to Medicare spending and retirement benefits under Social Security in return for Republican support. Independent Bernie Sanders of Vermont warned this weekend that such cuts to Social Security could put some 245,000 people into poverty. U.S. Treasury Secretary Timothy Geithner appeared on Meet the Press on Sunday.
(Obviously it is much better to let Americans go hungry than cut money for killing innocent people in foreign lands)
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