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What do you think of O's budget plans?
Posted: Feb 15, 2011
'Scuse me for any typos or double remarks if any. I am trying to type this as he speaks.
He plans to veto earmarks (how can this happen-there is no line item veto), cut LIHEAP program, freeze federal employee wages for 2 years (didn't they already do that?), cut military spending as Gates wanted, will work with everyone to simplify the tax code, but it sounds like he doesn't want to change anything with SS. He wants to increase taxes for those earning over $200K. Then he wants to take the savings and "invest" in the future for jobs, infrastructure, education, research and technology, etc.
I don't think it will cut the deficit. He states his budget puts forward some cuts and they will not be adding to the deficit. How can this be done if he intends to "invest". He wants to deal with entitilements (he feels we can get SS done like Reagan did). Avoid cuts, and make it stable. Medicare and Medicaid are problems. He is prepared to work with Pubs and Dems to reform those. He states healthcare reform of last year takes care of that (? I don't think so). He doesn't want to add additional debt by 2015. Later, he wants to tackle the long term problems.
WHY doesn't he take care of FRAUD in Medicare/Medicaid FIRST?
He wants to make sure there is the same amount of money coming in as there is going out. That means (to me) that there will not be a deficit reduction, but it won't get any worse. What he is not saying is that the INTEREST on the deficit is what's killing this country. He doesn't state how he will take care of that interest.
Guess we have to wait and see what the real plans will be. Right now, he's taking questions, not on the plans, but on Iran, Iraq, and Egypt.
;
Out of all the blah blah blah - sm
[ In Reply To ..]all I got is that taxes are going up and spending isn't being cut. Entitlements will continue without reforming anything and O is happy with himself. Not overly happy with the proposed budget.
Of course he now has a plan... - He wants to be reelected again
[ In Reply To ..]But since nothings been done I don't expect anything will get done. The closer we get towards election the more of a "plan" he will have, and we'll be promised the world.
I guess he feels he needs to keep up appearances, but since nothings been done I doubt anything will be done.
By "he", you obviously mean Boehner - nm
[ In Reply To ..]
No... I obviously don't - nm
[ In Reply To ..]nm
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