Obama’s Top Economic Adviser Tells Democrats They’ll Have to Swallow Entitlement Cuts

Sperling     Photograph by Chip Somodevilla/Getty Images

Sperling Photograph by Chip Somodevilla/Getty Images

(Updates with White House response, in paragraph 12)

This morning, Gene Sperling, director of the White House’s National Economic Council, appeared before a Democratic business group for what was billed as a speech about the economy after the shutdown, followed by a Q&A session. The White House didn’t push this as a newsmaking event, so it didn’t get much billing. But I went anyway, and I was struck by what Sperling had to say, especially about the upcoming budget negotiations that are a product of the deal to reopen the government.

In his usual elliptical and prolix way, Sperling seemed to be laying out the contours of a bargain with Republicans that’s quite a bit different that what most Democrats seem prepared to accept…Continue Reading

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