From World Socialist Web Site: http://www.wsws.org/articles/2011/jul2011/budg-j26.shtml
By Patrick Martin
26 July 2011
The back-to-back nationally televised speeches delivered Monday night by President Barack Obama and House Speaker John Boehner were a political fraud on every level. The so-called debate in Washington on the federal deficit is rigged in advance. All of the participants take as their first principle the imposition of massive cuts on programs that benefit working people.
The Democratic administration and the congressional Republicans are using an orchestrated crisis over the raising of the federal debt ceiling to create the conditions for an unprecedented attack on the living standards and social rights of working people.
The two parties do not represent the American people, but rather the American financial aristocracy, whose wealth and income they defend at the expense of the broad masses. They will see basic social programs on which they rely—Medicare, Medicaid, Social Security, food stamps—devastated by spending cuts.
Obama delivered a cynical speech whose purpose was to appeal to the American people to support spending cuts that will drive millions of them into poverty while leaving the gargantuan wealth of the financial aristocracy untouched. Virtually every sentence in his 15-minute address was a lie.
Obama described the two sides in the debate in terms that underscore the essential unity of the two big business parties. He noted that both sides “agree on the amount of deficit reduction” but disagree on what form that should take.
Continue reading at: http://www.wsws.org/articles/2011/jul2011/budg-j26.shtml