From the Hill.com:
It was rejected in the Senate not because it wasn't serious, but because for Republicans it called for eliminating the Bush tax cuts on the wealthy - something the GOP will not back away from - and the Dems learned of the President's intentions to propose still more spending cuts and would rather have seen the high cost cuts take affect than what was originally proposed.The president’s budget called for ending tax cuts for the wealthy and a three-year domestic spending freeze, saving an estimated $1.1 trillion over 10 years. Democratic senators at the time called it “an important step forward”, “a good start” and a “credible blueprint.”
No Democratic senator was willing to support it, however, after Obama discussed a more ambitious plan at George Washington University to save $4 trillion over 12 years. Republicans criticized his speech for lacking detail.
So, take the President's February budget of $1 trillion in spending cuts and leave an additional $2-3 trillion on the table, or reject the President's plan and seek more cuts? Which would you choose? Of course a plan that was proposed in February but wasn't brought to a vote until May would be rejected if the 2nd plan was better. Who wouldn't accept the latter over the former?
Last edited by Objective Voice; 07-19-11 at 01:23 PM.
The right wing position on getting rid of Social Security because its going to cost money down the road in thirty years reminds me of a couple who put aside five dollars a week for their childs college education at Harvard.
At age eight, they are informed that they will need a whole lot more to cover the costs than what they are on track to save. So they go home, throw out the kids HARVARD CLASS OF 2025 t-shirt and tell the kid, "sorry son, lets practice saying "welcome to wal-mart".
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers