in fact he hasn't. he claimed to be offering up 3 trillion in "cuts" and 1 trillion in tax hikes... but when you look into what the "cuts" actually are, they disappear into mirrors and smoke. So, for example, he calls continuing the current drawdown in Iraq and Afghanistan a "cut" of about a trillion by arguing that he's not maintaining surge levels for a decade. he claims that the interest which will never be paid on debt we never issue is a "cut" and should count; which is similarly ridiculous. of the non-health-care mandatory spending "cuts", roughly three quarters appear to be "cuts" made by "increasing fees". He's even taken the standard "waste fraud and abuse" off the table, insisting that Republicans "buy them back" with dollar for dollar tax increases. it's utterly amazing.He offered up 4 trillion in cuts.
Republicans should meet him at his own game, and say that since they aren't lowering tax rates to a flat rate of 10%, they've actually already more than tripled taxes on small business owners.
actually no. what they should do is go ahead and pass a bill of the size that the President wants ($2.4 Trillion) with commiserate cuts dollar for dollar of their choosing. Then let Obama kill it, if he wants to. Let everyone see that Obama thinks that A) the economy may collapse and social security recipients may get left in the cold and B) is willing to accept that if it's necessary for him to raise taxes.