MoveOn to FactCheck -- "nice try".
Or, as Atrios says, "bite me".
In this sense, MoveOn.org has referred to benefit "cuts" in exactly the same way as the president. If Fact Check only considers a cut as a reduction against current benefit levels, then it should correct the president and other proponents of privatization who routinely warn of benefit cuts.
In fact, this is the same way that Fact Check itself has referred to benefit cuts...
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