Obama's delivering exactly what he promised, austerity. He promised to end the wars too, but that's another story. He promised us austerity and times are getting pretty austere.

What amazes me is how people fall for the "Republicans made him do it" argument. Both parties belong to the same team. They serve the banking elite. Obama promises austerity, then the Tea Party comes along and he pretends to cave in to them. The end result is austerity, exactly what he promised.

Obama and the reactionary right both want to gut the social system in the U.S., and they're doing it with sleight of hand.