NEW YORK (CNNMoney) – He may have taken his time to join the brewing debate about how to reduce long-term U.S. debt. But President Obama got some kudos from deficit hawks for the broad debt reduction framework he laid out on Wednesday.
They gave him some incompletes, too. And they found plenty in his ideas that in their eyes needs improvement.
It should be noted that this is the 2nd budget the President has proffered for 2012. He offered his first to the new Congress months ago, as required by law.
The plan was a speech, and short on details, just like most speeches Presidents give. There was one major difference between the messages behind the Ryan Plan and the Obama Plan. Ryan described his plan as "not a budget, but a cause." The President's plan "was a budget, not a cause."
The proposal was exactly what was promised, "a vision". He didn't promise details. Ryan offered ideology. Obama countered with plain common sense and that inarguable logic known as simple arithmetic. Ryan's plan denies tax cuts are a form of spending, while Obama's plan recognized that taxes are a form of spending, and a source or revenue when not implemented.
I shall vote for this dude, I know he is black....the "Best President" this nation ever wanted....that's it....I love this president....God bless him, and the USA!!!!!!!
A return to full blown spending and only word service to cutting the deficit is the real message from this tax and spend wealth redistributing progressive. The Democrats have no intention to stop spending us into something other than the nation we have known and loved. The base pleasing speeches have begun.
The Presidents budget proposal puts "everything" on the table and that is exactly what needs to be done. We do have a revenue problem as well as a spending problem and the problem of waste and fraud also needs to be addressed. I agree that there has to be a limit on itemized deductions such as Mortgage interest as it should be allowed on the primary residence only.
Paul Ryans proposal does not address the Bush Tax cuts for the wealthy nor the Dept of Defense. Mr. Ryan's probosal puts the responsiblity on the poorest and the Seniors. The majority of the Seniors cannot afford the additional costs of medical care. The Tea Party is not the majority and yet the Republicans are pandering to them out of fear.
I am amazed at the fact that this clueless President can't seem to get it that HE is the one who drove the deficit up by bailing out Wall Street, the banks, and the car manufacturers, along with jokes like the "Cash for Clunkers" program and now the stupid deal with buying appliances and getting cash for the old ones. Give me a break....just admit you are a screwup and hurry up and get out of DC, please!
One argument made by the TEA party is that taxes represent their money being taken away from them. That's one way to look at it. In fact, you get no argument on the point from me. It's true. But, I think there rationale is rather short sighted.
Some taxes have been taken from them. Taxes that they want back. They want their taxes back right NOW, in the form of tax cuts. That's the short sighted view. Here's the longer, bigger picture. Shouldn't they want at least some of the taxes back that have been taken from them in the past?
Shouldn't they want to get their own money's worth out of all of the Social Security and Medicare/Medicaid taxes that they have paid? Wouldn't you think so? Shouldn't they be just as enraged and fired up when cuts and major reductions are announced to those programs? They don't, do they?
In fact, they would stand up and applaud those types of cuts. Isn't that odd behavior for "just ordinary" Americans that they claim to represent? Of course, it is odd for "ordinary taxpayers" to stand up and cheer when tax investments they have paid into for years are being reduced.
Sadly amusing is the fact that Obama gives a speech with exact details that the debit hawks are begrudingly saying will work, yet we still have a majority of Republicans go into hysterical-toddler-mode and insist that Obama hasn't said anything. Meanwhile, their great plan involves cuts even other Republicans say are idiotic. When are the Republicans going to grow a pair and actually do something to help the country instead of line their pockets?
Wow...cnn has gone to a whole new level with this article. The speech has pretty much been mocked by every major economist in the country and the Wall Street Journal called it one of the most dishonest by a President in decades. I understand that cnn has become an arm of the Obama Administration, but this is just unprofessional and disingenuous. You are about as fair and balanced as FoxNews.
Does anyone know where you can get an honest news service at this point, not run by the political machines on the left and the right?
It's too bad repugs don't let facts affect their voting. Repugs still claim the stimulus didn't work, as job growth and the GDP continue to improve. And commentators, on fox or CNN, let them get by with it, unchallenged.