Obama's toxic speech and even worse plan for deficits and debt.No image available
Obama's toxic speech and even worse plan for deficits and debt.
Made popular 797 days ago in Politics
online.wsj.com — The great political challenge of the moment is how to update the 20th-century entitlement state so that it is affordable. With incremental change, Mr. Ryan is trying maintain a social safety net and the economic growth necessary to finance it. Mr. Obama presented what some might call the false choice of merely preserving the government we have with no realistic plan for doing so, aside from proposing $4 trillion in phantom deficit reduction over a gimmicky 12-year budget window that makes that reduction seem larger than it would be over the normal 10-year window.
The immediate political goal was to inoculate the White House from criticism that it is not serious about the fiscal crisis, after ignoring its own deficit commission last year and tossing off a $3.73 trillion budget in February that increased spending amid a record deficit of $1.65 trillion. Mr. Obama was chased to George Washington University yesterday because Mr. Ryan and the Republicans outflanked him on fiscal discipline and are now setting the national political agenda.
Mr. Obama did not deign to propose an alternative to rival Mr. Ryan's plan, even as he categorically rejected all its reform ideas, repeatedly vilifying them as essentially un-American. "Their vision is less about reducing the deficit than it is about changing the basic social compact in America," he said, supposedly pitting "children with autism or Down's syndrome" against "every millionaire and billionaire in our society." The President was not attempting to join the debate Mr. Ryan has started, but to

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Posted by james2044
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Is Obama serious about the budget or playing politics?
Playing Politics
53%
Lean to playing politics
11%
Not sure
0%
Lean to serious
11%
Serious about the budget
24%
This is not a scientific survey, click here to learn more. Results may not total 100% due to rounding and voting descrepencies.
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Keep_it_real
Posted 797 days ago
0 up votes, 0 down votes
I hope he is serious because its time we stop listening to the very people that created the financial melt down, allowed nearly complete deregulation and voted to increase the debt ceiling to over 5 trillion dollars - yeah the very republicans that were in office during the Bush years and are in office now voted to raise the debt ceiling 4 TRILLION DOLLARS. Now we are suppose to think they are serious about deficit and debt reduction.

Care to buy the Brooklyn Bridge I have one for sale.
james2044
Posted 796 days ago
0 up votes, 0 down votes
Keep, check your Democrats out on the meltdown. Obama, Frank, Pelosi, Reid, the BCC were up to their eyeballs in it. They are the ones that created the environment and pushed the banks into sub-prime lending.
Of course you have the Brooklyn Bridge, you trusted Obama!
Keep_it_real
Posted 770 days ago
0 up votes, 0 down votes
james2044, you keep forgetting that Obama, Frank, Pelosi, Reid, the BCC were all in the congress and senate when Bush signed all the laws and regulations that increased corporate welfare and cut taxes for the rich as well as allowed banks to basically do what they wanted, including selling trash securities.

Do republicans ever take responsibility for the wrong they have done are do they all take an oath to admit to no wrong doing.
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