I suspect the keyword over the next several months will be “austerity”. I hope I’m wrong but I expect Obama to adopt the idea of cutting federal employee pensions, Social Security, and almost every tiny piece of the social safety net left ATM.

Again, I hope I’m wrong, but during the 2008 campaign only GOP candidates even talked about a payroll tax holiday. Such a thought was solidly rejected by Dems across the board!

But Obama just agreed to such a cut and a year from now, if it’s not extended, it’ll be seen as a tax increase. Also consider that Obama just took his first austerity measure by freezing fed employee pay.

Every time I bring this up at Cesca’s I’m told that I’ve gone totally “firebagger” which I personally find offensive. I don’t agree with any one ideology 100% and I think that’s true for most of us.

I do however think that we need to be contacting the administration and asking what their intentions are regarding austerity measures. How can that hurt?