President Obama says his soon-to-be released budget, already criticized by both his friends and foes, is not his “ideal plan” but offers “tough reforms” for benefit programs and scuttles some tax breaks for the wealthy.
That’s a mix, he contends, that will provide long-term deficit reduction without harming the economy.
In his first comments about the 2014 spending
blueprint he’s set to release Wednesday, Obama said he intends to reduce
deficits and provide new money for public works projects, early
education and job training.
“We don’t have to choose between these goals – we
can do both,” President Obama said in his weekly radio and Internet address,
broadcast Saturday.
The President's plan for the budget year that begins Oct. 1
calls for slower growth in government benefits programs for the poor,
veterans and the elderly, as well as higher taxes, primarily from the
wealthy.
Some details, made public Friday, drew a fierce
response from liberals, labor unions and advocates for older Americans.
Surprisingly ,House Speaker John Boehner, R-Ohio, was not impressed, either.
“It’s a compromise I’m willing to accept in order
to move beyond a cycle of short-term, crisis-driven decision-making, and
focus on growing our economy and our middle class for the long run,”
President Obama said.
President Obama proposes spending cuts and revenue increases
that would result in $1.8 trillion in deficit reductions over 10 years,
replacing $1.2 trillion in automatic spending cuts that are otherwise
poised to take effect over the next 10 years.
Counting reductions and higher taxes that Congress
and the President have approved since 2011, the 2014 budget would contribute
$4.3 trillion to total deficit reduction by 2023.
The main deficit reduction elements of the plan
incorporate an offer President Obama made to John Boehner in December when both sought
to avoid automatic, across-the-board spending cuts and broad tax
increases.
President Obama’s plan includes $580 billion in new taxes
that Republicans oppose. There’s also a new inflation formula, rejected
by many liberals, that would reduce the annual cost of living
adjustments for a range of government programs, including Social
Security and benefits for veterans.
In his address, President Obama said he would achieve
deficit reduction by making “tough reforms” to Medicare and enacting
“common-sense tax reform that includes closing wasteful tax loopholes
for the wealthy and well-connected.”
It is disheartening to hear of any cuts to these benefits... President Obama made no mention of the effect his budget
would have on Social Security and other social safety net programs. That
idea drew a hostile reaction from some of his most ardent political
backers.
An Associated Press-GfK poll conducted late last
year found that 49 percent of those asked were opposed to changing the
way Social Security benefits are calculated to produce smaller annual
increases and reduce the federal budget deficit.
The poll found 30 percent supported the idea and
15 percent were neutral. Of those opposed to a recalculation, 32 percent
said they “strongly opposed” the change, compared with just 11 percent
who strongly support it.
President Obama rejected a House Republican plan that aims to balance the budget in 10 years with steep cuts in domestic spending.
His remarks reflected the White House’s argument
that President Obama’s blend of tax increases and spending cuts have widespread
public support and will ultimately change the terms of the fiscal debate
in Washington.
“My budget will reduce our deficits not with
aimless, reckless spending cuts that hurt students and seniors and
middle-class families, but through the balanced approach that the
American people prefer, and the investments that a growing economy
demands,” he said.
Still, President Obama has been unable to move House
Republicans from their opposition to higher taxes, and his proposed
reduction in the growth of benefits drew swift objections from allies.
"The president should drop these misguided cuts in
benefits and focus instead on building support in Congress for investing
in jobs,” AFL-CIO President Richard Trumka said in a statement Friday. I would tend to agree.
Kansas Gov. Sam Brownback delivered the Republican
radio and Internet address, arguing that “the ideas on how to fix the
federal government are now percolating in the states.”
“You see, you don’t change America by changing
Washington – you change America by changing the states,” he said. “And
that’s exactly what Republican governors are doing across the country –
taking a different approach to grow their states’ economies and fix
their governments with ideas that work." Really? This state has a Republican governor and I haven't seen an idea of his that worked yet!
Brownback, a former House member and senator,
called for a “taxing structure that encourages growth, an education
system that produces measurable results, and a renewed focus on the
incredible dignity of each and every person, no matter who they are.” As usual, they say all of this, but they don't say exactly how they propose to do this.
And so...here we are ....We have a President that while he may mean well ,still finds his arms held behind his back by the conservative opposing party that refuses to spell out just what their alternative plan is....
I feel like I could have written this three or four years ago...I probably did!
8 comments:
It's time to tell President Obama,It's time to stop trying to work with them...The Republicans. The Prez and the Dems need to do whatever they need to do and just go around 'em.Stop all of this compromising.
Never enuff no matter what Obama comes up with. They want it all.
They have no right to use our benefits, the ones we'd worked for as bargaining chips! and this go for all of them including President Obama who by now must have no base left after his latest default. BTW Obama has also no right to make offers like that, HANDS OFF OUR SOCIAL SECURITY!
THE GOP IS A PARTY OF A GROUP OF PUSSILANIOUS OLD RICH PEOPLE... They never will work with this BLACK PRESIDENT... Yea it's racial and it's been that way since January 20,2009...He can't compromise our future.
It will NEVER be Enough for them !! So Stop giving in to their Bloody Demands !!
You cannot negotiate with terrorists..and the GOP of today fit the bill of being domestic terrorists
In 2014 we have an oppurtunity to send these maggots a message. VOTE!!!!!
People depend on social security and the cpi increase. The latest increases should be doubled. How can anybody get by on these meager increases??
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