Barack Obama needs more distance off the tee but can’t afford a Big Bertha driver.
Less than two months after signing tax cuts for the wealthiest Americans into law, President Obama proposed a spending plan to Congress today that cuts funding to programs that assist the working poor, help the needy heat their homes, and expand access to graduate-level education — undermining the kind of community-based organizations that helped launch his political career in Chicago.
Economics apparently have folded his roots like a carpenter’s rule. And the poor now will find that life without a chili dog is uncivil, if not downright depressing.
Obama’s new budget puts forward a plan to achieve $1.1 trillion in deficit reductions over the next decade.
Those reductions — averaging just over $100 billion each year — are achieved mainly by squeezing social programs. A deal struck to extend the Bush tax cuts for just two years, meanwhile, increased the deficit by $858 billion dollars. As a result of the tax cut deal, the projected deficit in Obama’s budget will reach a record level of $1.6 trillion this year.
The price we all are paying so Obama can suck up to the Republicans.
But pleasing the GOP can be more difficult than husking an ear of corn while wearing oversized mittens.
Republicans in Congress are already criticizing Obama’s budget, accusing the president of putting together a debt-fueling disaster despite his call for hefty spending cuts.
The Republicans claim Obama’s budget proposal doubles down on the bad habits of the past four years by calling for more taxes, spending and borrowing of money that we simply do not have.
Nothing is more frightful than a hissing match over money.