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  •  As CAP points out... (0+ / 0-)

    President Obama’s Latest Proposal Largely Mirrors the Bipartisan Simpson-Bowles Plan

    Of course they say this like it's a good thing.

    Simpson-Bowles proposed $1.6 trillion in discretionary cuts. With the $200 billion in cuts that the president has offered in this area—on top of those already enacted—the president’s plan has $1.7 trillion in cuts to discretionary spending.
    Simpson-Bowles called for about $460 billion in health care cuts. The president’s plan includes $400 billion in such cuts.
    Simpson-Bowles included $260 billion in cuts to other mandatory programs (not including the effects of switching to a different measure of inflation). President Obama’s proposal includes $200 billion in these cuts.
    On the tax side of the ledger, Simpson-Bowles advocated for a total of about $2.2 trillion in new revenue —$850 billion from allowing the upper-income Bush tax cuts to expire, plus another nearly $1.4 trillion from a broader tax reform. President Obama’s offer calls for less than $1.3 trillion in new revenue, which is about 60 percent of the levels proposed by Simpson-Bowles.
    Really Obama has said all along that he envisioned a "grand bargain" that cuts entitlements.  Why?  I have no idea.  Why Democrats are so hot and bothered to prove their machismo by chopping up their legacy and their basically sole reason for being?  I have no idea.  But these guys are determined to do this thing and all we have stopping them is...inept Republicans?  This is so disheartening.

    The liberty of democracy is not safe if people tolerate growth of private power to a point where it becomes stronger than their democratic state itself.---FDR

    by masslib on Wed Dec 19, 2012 at 09:05:05 PM PST

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