Obama put senior citizens and all others on notice today that he sees social security and medicare as programs that can be cut to reduce the deficits arising from the Wall Street bailouts that he supported.

Per the AP:

"He said Wednesday, without details, that his initial budget proposal next month will include "some very specific outlines" of how he plans to tackle spending. That extends to the ballooning and so-far unsolvable fiscal problem presented by the Social Security and Medicare programs, which Obama promised would be "a central part" of his deficit-reduction plan."

Note the words: "central part."

Obama taps spending watchdog, eyes Social Security