Your hearing is fine.
First thing they should do is admit that this problem is going to affect EVERYONE. Then they need to make it clear why this is happening: Government has outspent its ability to pay back its debts.
They should not pretend that this can be remedied by “taxing the rich” or cutting defense.
They need to make it clear that entitlements will be cut, government jobs must be cut, subsidies must be cut etc etc
But they won’t.
Nope.
They will continue to blame Bush, Republicans, the rich while pretending some “deal” will avoid all the pitfalls. While they celebrate the “deal” that saved America they will inflating the currency, a tax increase by inflation on everyone.
The 47% won’t be aware that inflation is being used to cut their benefits and income in real terms. They will only be aware of price increases and they will blame “big business” and “right-wingers”.
It is so much easier for the politicians to do that and hope it works than to do what should be done.