Jesus. I think Obama has started listening to his Lefty base.
President Obama will announce a plan on Monday to tame the nation’s rocketing federal debt that will draw a sharp contrast with the Republican vision and amount more to an opening play in the fall’s debate over the economy than another attempt at finding common ground with the opposing party.
The president will propose $1.5 trillion in new tax revenues as part of a plan to find more than $3 trillion in budget savings over a decade, according to senior administration officials. Combined with his call this month for almost $450 billion in new stimulus, the proposal represents a more populist approach to confronting the nation’s economic travails than the compromises he advocated earlier this summer.
Obama will propose new taxes on the wealthy, a special new tax for millionaires, and elimination or scaling back of a variety of loopholes and deductions, officials say. About half of the tax savings come from the expiration next year of the George W. Bush administration tax cuts for the wealthy.
But he won’t call for any changes in Social Security, officials say, and is seeking less-aggressive changes to Medicare and Medicaid than previously considered. He will propose $320 billion in health-care savings but will not include raising the Medicare eligibility age from 65 to 67, according to the officials.
Here’s what bothers me about this. Obama knows perfectly well this will never pass Congress. He knows it wouldn’t pass a Democrat Congress. Hell, he couldn’t even get the Democrats to introduce his jobs bill. This is as dead as the budget Congress voted down something like 97-0 earlier this year.
This is just. Fucking. Politics. He has clearly thrown his hands up on any serious budget fix and is now angling for 2012. He is punting on tax reform, serious budget cuts, jobs and the economy.
I have tried very hard to give this President ever chance I can, mostly because I’m not convinced that the GOP is entirely sane. But if he is going to waste our time with this bullshit, what is the point of him? He has had a year to build something like Simpson-Bowles and huge tax hikes and spendings cuts that don’t kick in until 2017 are the best he can do?
Frankly, why should we even trust these budget numbers? Check out this story about the CLASS portion of Obamacare. They claimed it would save tens of billions of dollars. We’re now finding out that the programs, which has yet to be implemented, is already collapsing. And they’ve known it would for two years.
After spending months indicating some flexibility, the Obama Administration has, in the last few weeks, taken a hard turn to the Left, abandoning any pretense of trying to solve this nation’s problems in favor of stoking their disgruntled base. It’s pathetic.