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Obama fails to make the tough decisions, again

Posted by on Feb. 12, 2012 at 2:51 AM
  • 33 Replies

Obama Budget Again Skips Making Hard Choices

On Monday, President Obama is scheduled to release his proposed budget for the coming year. If his past three budgets are any indication, it is unlikely anyone outside of the White House will take this budget seriously.

That's because past Obama budgets have been long on empty promises and short on real solutions. This president has consistently ignored Washington's crushing debt and passed the real costs on to future generations.

The administration has already signaled that this year's spending plan will offer more of the same: a budget that spends too much, borrows too much and taxes too much.

For starters, this budget will not be balanced. Despite his frequent rhetoric about spending restraint and the dangers of debt, Obama has never submitted a balanced budget in his life.

In last year's budget, he wrote: "The fiscal realities we face require hard choices." That was true. His budget, however, failed to make any hard choices.

At a time when Washington needed to cut spending, the president actually proposed broad spending increases and a deficit of more than $1.1 trillion. He tried to increase spending for the next 10 years by a massive 55%. How exactly does a 55% increase in spending equal "hard choices?"

Even the Democratic co-chair of his own fiscal commission, Erskine Bowles, said the president's budget last year went "nowhere near where they will have to go to resolve our fiscal nightmare."

The president's plan was so tone deaf that not a single Democrat (or Republican) in the Senate would support it. It was rejected 97 to 0.

When it became clear that people found his budget inadequate, the president gave a speech in which he called vaguely for tweaking spending and increasing taxes. His new plan had so few details that the nonpartisan Congressional Budget Office was unable even to guess at whether it would save money or cost more.

Now the administration intends to ask again for tax increases on American families and small businesses. It also plans to keep up its deficit spending and out-of-control borrowing.

On top of that, Obama's budget will continue his steadfast refusal to propose serious entitlement reforms. Spending on entitlements is unsustainable, accounting for 57% of Washington's budget. By failing to act, Obama is making it worse.

The president's failure will be compounded by the do-nothing Senate Democrats. Majority Leader Harry Reid has not passed a regular budget in three years. And he has already said he has no intention of doing anything with the budget this year either. That is no way to run a lemonade stand, let alone a government.

http://news.investors.com/Article/600809/201202101833/obama-budget-does-nothing-to-end-fiscal-crisis.htm

by on Feb. 12, 2012 at 2:51 AM
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Replies (1-10):
SarahLizyB
by Member on Feb. 12, 2012 at 2:52 AM
1 mom liked this
Obama sucks, just like Bush and Clinton sucked. I am beyond caring
westendcurls
by Bronze Member on Feb. 12, 2012 at 2:53 AM
What's unsubstantial is our military spending
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Carpy
by Emerald Member on Feb. 12, 2012 at 2:55 AM

I don't know if it is unsubstantial, but it isn't the biggest budget eater by far.

Quoting westendcurls:

What's unsubstantial is our military spending


candlegal
by Judy on Feb. 12, 2012 at 8:32 AM
1 mom liked this

with an election year on top of him, he is afraid to make any decisions.

rocketracer
by Silver Member on Feb. 12, 2012 at 9:17 AM
1 mom liked this


Quoting candlegal:

with an election year on top of him, he is afraid to make any decisions.

What do expect from Senator Present?

Tanya93
by on Feb. 12, 2012 at 9:23 AM
2 moms liked this

But thinking entitlements need to be cut means you hate the poor and want them to die, or so I have been told so many times on this board

_Bama_
by on Feb. 12, 2012 at 9:25 AM
1 mom liked this

But he makes such awesome speeches........ throwing up


Quoting candlegal:

with an election year on top of him, he is afraid to make any decisions.


Geria09
by on Feb. 12, 2012 at 9:35 AM
1 mom liked this

OP I don't believe any president, republican or democrat, would come up smelling like roses on the economy.  This economic recession (triple) was bound to happen.  The overspending by the federal government, padded bills full of pork, corporate welfare in the private sector, and numerous other factors in the world markets started in pasts administrations  with republican and democratic presidents. 

meriana
by Platinum Member on Feb. 12, 2012 at 9:48 AM
1 mom liked this

Part of the problem is that no one wants to cut anything. The very wealthy and the corporations don't want to give up any of the loopholes they use to cut their taxes in half if not down to nothing and if anyone suggests the Gov. stop funding multi-million dollar non-profits and charities, there's a huge outcry from the public.

When it comes to cutting things from the budget, the Gov. always seems to want to start at the bottom and work up, however they never reach the top. They need to start at the top and work down...stop funding those mulit-million dollar charities, etc. stop the corporate welfare as a starting point. There's a lot they could do but if they did, the very wealthy and the corporations would be screaming just as loudly as anyone else.

candlegal
by Judy on Feb. 12, 2012 at 9:49 AM

I expect exactly what we are getting, which is what I knew before the 2008 elections

Quoting rocketracer:


Quoting candlegal:

with an election year on top of him, he is afraid to make any decisions.

What do expect from Senator Present?


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