President Obama’s FY 2015 budget, which he unveiled today, is a good budget. If you’re high.
The budget is going nowhere – it’s a document written by liberals with few areas for compromise, and the House is in the hands of Republicans.
And it’s not really a budget, because budgets are supposed to be written for people who are thinking straight. I take President Obama and his aides at their word that they believe in what they’ve created, but that doesn’t mean it’s a serious document.
The smartest people working for Obama – or at least those with a foot most securely in the real world – have always been the political types. And it’s as a political manifesto that the budget makes sense.
The budget has lots of stuff for the poor and the middle class, and it taxes the rich. And Obama, who appeared today at a school in Washington, wants to use it to let everyone know what heartless, child-despising bastards Republicans are:
I thought it was appropriate for me to say a few words about the budget that I sent to Congress this morning — because obviously the budget is not just about numbers, it’s about our values and it’s about our future, and how well we are laying the groundwork for those young children that I was with just a few moments ago to be able to succeed here in America.
Our budget is about choices. It’s about our values. As a country, we’ve got to make a decision if we’re going to protect tax breaks for the wealthiest Americans, or if we’re going to make smart investments necessary to create jobs and grow our economy, and expand opportunity for every American.
At a time when our deficits are falling at the fastest rate in 60 years, we’ve got to decide if we’re going to keep squeezing the middle class, or if we’re going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class.
The American people have made clear time and again which approach they prefer. That’s the approach that my budget offers.
Well, we’ll see in November which approach they prefer, given that the current approach isn’t increasing employment or helping the economy much at all.
So Obama will talk on the campaign trail about Republicans who like to squeeze the middle class – while he wants to give them a pleasant hug – and who have no “values.” But he’s also given Republicans a nice round number to trumpet: $1 trillion in new taxes over the next decade.
Yup, that’s what Obama wants. Soak the rich to pay for the Opportunity, Growth and Security Initiative, which will fund preschool for all four year olds, toddler and infant care for 100,000 children, medical research, National Parks improvements, roads, manufacturing “institutes,” climate research, job training, a new parental leave proposal, a $60 billion expansion of the earned income tax credit, and other free stuff, while cutting defense spending.
While it’s true the deficit has come down in the past few years, it’s declining from record heights, you must remember. And without real entitlement reform, it will begin to shoot right back up. And Obama barely touches entitlements.
It’s a Profile in Pusillanimity.
Every year you wait to address the crushing new debt that will be caused by Social Security, Medicare and Medicaid, the fixes you have to make hurt more people and hurt them worse. Obama is simply hoping to spend money today and leave the mess to be cleaned up by more responsible people later.
This is Choom Gang Economics. Party now, order out, and let someone else clean up the pizza crusts.
Some people never really grow up and become responsible. And some of them become president.