Time for Obama and Democrats to Act on Budget Deficit

March 18, 2011 RSS Feed Print
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I want to apologize to my readers: Earlier this week, I wrote that the American people are ready for entitlement reform, and it’s the politicians who are not. What I should have written is: It’s the Democrats who are not. Specifically, it’s the Democratic leadership who is not.

Case in point: the letter sent today to President Obama from 64 senators—a supermajority from both parties—asking him to join the effort in developing a plan to rein in record budget deficits. According to the Washington Post, the senators wrote: “By approaching these negotiations comprehensively, with a strong signal of support from you, we believe that we can achieve consensus on these important fiscal issues.”  ‘Strong signal of support’ wins the Understatement of the Week award. We need more than a signal; we need action. [Check out a roundup of political cartoons on the budget and deficit.]

Case in point number two: Senate Minority Leader Harry Reid on Social Security reform this week. "Two decades from now, I'm willing to take a look at it, but I'm not willing to take a look at it right now," he told MSNBC. "It is not in crisis at this stage. Leave Social Security alone. We have a lot of other places we can look that is in crisis. But Social Security is not." This means he’s not willing to look at Social Security reform for 20 more years, when he’s 91.

I think if Reid saw the PowerPoint presentation that Budget Committee Chair Paul Ryan is reportedly sharing with Republican members of the House to build support for entitlement reform, he would revise his remarks. I don’t like PowerPoint any more than the next guy, but this one you’ve got to see. Here’s the link, courtesy of Raw Story. In it, you’ll see that non-defense discretionary spending is only about one fifth of all federal spending, despite all the headlines about cutting discretionary spending to balance the budget. It’s Medicare, Medicaid, and Social Security that take up the biggest piece of the pie by far. When you see the numbers graphically, rather than as a paragraph of text, it’s pretty shocking. [See a roundup of political cartoons on President Obama.]

Andrew Stiles of National Review Online wrote a must-read piece that ends with this thought:

In spite of the challenge, Ryan insists that Republicans will ‘lead with our chin.’ They will no doubt come away bruised and bloodied, but so be it—to do nothing would be morally indefensible. And for Ryan, the father of three young children, the stakes—maintaining the American Dream for future generations—could not be higher. ‘The way I look at this, it is our obligation to our constituents, to our fellow countrymen to offer them an alternative vision for our country,’ he says. 'I don’t know what the outcome of that will be, but I know what side of history I want to be on.’

Time for President Obama and the Democratic leadership to decide which side of history they want to be on, too.

Tags:
Congress,
Republican Party,
Paul Ryan,
deficit and national debt,
Harry Reid,
Democratic Party,
Barack Obama

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joelle esther benyayer of AK 4:01AM April 23, 2011

Mary Kate Cary you are either a wild eyed corporatist or a incompetent BOOB! First off Paul Ryan is a Fascist!! That's right, a fascist. He voted for every corporate bailout under the sun from Tarp to the GM bailout, and he's for every draconian govt agency too; Dept of Hmland...Patriot Act... So Plz don't give me that crap this guy cares with his roadmap for america. Second Social Security is NOT BROKE! Does 2.6trillion$$'s sound like broke? Oh wait, I hear Charles Krauthammer blather "the trillions in bonds are IOU's." That's nonsense, those SS bonds are a mixture of marketable&nonmarketable special bonds that the general fund of the federal govt is obligated to settle with the SS trust fund & American people should the need arise. Oh but wait the corporate sooth sayers say we got payroll short falls . To this lie I refer those concerned to a short to the point article by Robert Reich entitled "Budget Baloney: Why Social Security Isn't a Problem for 26 Years, and the Best Way to Fix It Permanetly." Reich argues the original Reagan/Greenspan fix in 1983 was suppose to hit 90% of all wages but the ceiling rose incorrectly which essentially explains any projected so-called future shortfall. And finally why cut SS by raising the retirement age and try to make it a worthless program? Easy, so republicans can steal payroll tax dollars that are paid by the upper middle, middle class and working poor so they can pay for Big Govt Gen Spending and Massive Military/Defense spending that is suppose to be paid for by the federal income tax! The rich don't pay payroll tax! That's what this is all about!!! One last point, to understand just how much the military/defense spending is really costing (ie 54% of total federal funds), go to http://www.warresisters.org/pages/piechart.htm YOU WILL BE SHOCKED WHERE YOUR MONEY REALLY GOES

Jim of CA 2:06PM March 22, 2011

Posted March 18th, 2011

“According to analysis (pdf) by the Congressional Budget Office (CBO), the President’s budget would result in $1.43 trillion and $1.16 trillion deficits for FYs 2011 and 2012, respectively, adding two more years of annual deficits in excess of $1 trillion. Total spending would increase by 57 percent over the next decade, from $3.7 trillion this year to $5.8 trillion in 2021. Net interest alone mushrooms from $214 billion to $931 billion, a 335 percent increase.”

http://cbo.gov/ftpdocs/121xx/doc12103/2011-03-18-APB-PreliminaryReport.pdf

http://blog.heritage.org/2011/03/18/cbo-report-confirms-obama%e2%80%99s-budget-laden-with-debt/

Bill Hedges of MO 3:24AM March 21, 2011

Mary Kate Cary

Mary Kate Cary

Mary Kate Cary is a former White House speechwriter for President George H.W. Bush. She currently writes speeches for political and business leaders.

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