Let’s cut through it and say it in plain English. The ‘cut’ is cutting Social Security. The ‘cap’ is putting a cap on what we ask the wealthiest Americans to pay in taxes. And the ‘balance’ is balancing the budget on the backs of seniors and middle class Americans.
— Vice President Joe Biden, delivering the second of his campaign speeches framing the general election for Team Obama in senior-citizen-rich Florida, and criticizing Mitt Romney for supporting “Cut, Cap, and Balance.”
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