Despite his promise to take on the deficit, Obama's budget submission for the upcoming year is shaping up as a mostly stand-pat blueprint - like most presidents propose during election years.So he's too afraid to even cut a dollar from benefits programs while at the same time knowing increasing taxes is political suicide.
"It is critical that we rein in the budget deficits we've been accumulating for far too long," Obama said in his weekly radio and Internet address. "Deficits that won't just burden our children and grandchildren, but could damage our markets, drive up our interest rates, and jeopardize our recovery right now."
But Obama won't offer politically dangerous cuts to costly federal benefit programs that are driving massive budget deficits, administration and congressional officials say. Nor will it propose broad-based tax hikes that could help close a deficit that is requiring the government to borrow almost 40 cents for every dollar it spends.
Here's a radical thought: How about he propose broad-based tax cuts? That would surely help close the deficit.
Of course at the same time if he was stupid enough to raise taxes the last thing we'd ever see is the deficit cut by any substantial sum. He and his merry band of spenders would just piss it all away.