President Obama may be giving away his chances for re-election if he signs off on cuts to Social Security and Medicare in the debt ceiling deal.
Americans of all political parties are against cuts to entitlements by a 80% to 20% margin, according to recent polls.
Medicare, Medicaid and Social Security are part of the foundation of the Democratic Party.
"Many Democrats fear a "grand bargain" will undercut their party's ability in the 2012 campaigns to use Republicans' support of deep cuts in Medicare, Medicaid and Social Security against them," according to the New York Times.
Among the possible cuts is a change in the way Social Security payments are calculated. Instead of the current cost of living index, Obama is considering using a chained consumer price index. The result would be smaller and smaller checks as inflation is calcualated regressively.
In order to avert a US credit default, republicans and democrats must agree to terms before the August 2nd deadline.