(Image source: The New York Times)

 

BY CHRISTINA HARTMAN

 

President Obama laid out his 2013 spending priorities by formally unveiling his $3.8 trillion federal budget Monday.

PRESIDENT BARACK OBAMA: “At a time when we are growing and creating jobs at a faster clip, we have got to do everything in our power to keep this recovery on track. … We can cut back on the things we need, but we also have to be sure everyone is paying their fair share we do need.” (VIDEO FROM C-SPAN)


The president says both spending cuts AND higher taxes are needed to bring down the federal deficit.

But The Wall Street Journal says it just ain’t gonna happen.

“None of this is going to become law. At best it will shape whatever the budget is for next year on the margins. But mostly this is a political statement about what President Obama values and what he would do if he were reelected.”

Not gonna happen — because as HLN points out if we learned anything from last summer’s debt ceiling debacle — it’s that Congress is divided.

“Republicans say the plan includes too much spending and not enough cuts. And since they control the House, this could mean another big fight over the budget.”


The proposal calls for more than $475 billion in spending on transportation and infrastructure. Where’s the money coming from? The president says in part from savings from the end of the wars in Iraq and Afghanistan.

Republicans call that a budget gimmick — and The Hill notes...

“Republicans seized the moment to criticize him for failed promises because he had promised to cut the deficit in half by the end of his first term. The current budget proposal comes after a fourth year of deficits exceeding $1 trillion and a 2013 shortfall of more than $900 billion.”

The president also calls for revenue raising with a $1.5 trillion tax increase on the wealthiest Americans. That’s a non-starter for Republicans. But The Daily Beast’s Daniel Stone says if the GOP wants to obstruct, the White House is more than happy to portray them as anti-middle class.

“Faced with the reality of Republican unwillingness, the White House didn’t blink. The president has a responsibility to lay out his vision, says one aide... If the GOP doesn’t want to play ball, ‘then let’s have that debate.’”

But at the end of the day — MSNBC’s Luke Russert says both sides are playing politics.

“This budget is nothing else than setting up a parameter for President Obama to argue with during the election year. … Republicans will have their own budget in March. … No side essentially is putting forward an idea to move in a way that is meaningful.”

Obama Unveils $3.8T Budget

by Christina Hartman
0
Transcript
Feb 14, 2012

Obama Unveils $3.8T Budget

 

(Image source: The New York Times)

 

BY CHRISTINA HARTMAN

 

President Obama laid out his 2013 spending priorities by formally unveiling his $3.8 trillion federal budget Monday.

PRESIDENT BARACK OBAMA: “At a time when we are growing and creating jobs at a faster clip, we have got to do everything in our power to keep this recovery on track. … We can cut back on the things we need, but we also have to be sure everyone is paying their fair share we do need.” (VIDEO FROM C-SPAN)


The president says both spending cuts AND higher taxes are needed to bring down the federal deficit.

But The Wall Street Journal says it just ain’t gonna happen.

“None of this is going to become law. At best it will shape whatever the budget is for next year on the margins. But mostly this is a political statement about what President Obama values and what he would do if he were reelected.”

Not gonna happen — because as HLN points out if we learned anything from last summer’s debt ceiling debacle — it’s that Congress is divided.

“Republicans say the plan includes too much spending and not enough cuts. And since they control the House, this could mean another big fight over the budget.”


The proposal calls for more than $475 billion in spending on transportation and infrastructure. Where’s the money coming from? The president says in part from savings from the end of the wars in Iraq and Afghanistan.

Republicans call that a budget gimmick — and The Hill notes...

“Republicans seized the moment to criticize him for failed promises because he had promised to cut the deficit in half by the end of his first term. The current budget proposal comes after a fourth year of deficits exceeding $1 trillion and a 2013 shortfall of more than $900 billion.”

The president also calls for revenue raising with a $1.5 trillion tax increase on the wealthiest Americans. That’s a non-starter for Republicans. But The Daily Beast’s Daniel Stone says if the GOP wants to obstruct, the White House is more than happy to portray them as anti-middle class.

“Faced with the reality of Republican unwillingness, the White House didn’t blink. The president has a responsibility to lay out his vision, says one aide... If the GOP doesn’t want to play ball, ‘then let’s have that debate.’”

But at the end of the day — MSNBC’s Luke Russert says both sides are playing politics.

“This budget is nothing else than setting up a parameter for President Obama to argue with during the election year. … Republicans will have their own budget in March. … No side essentially is putting forward an idea to move in a way that is meaningful.”

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