They link to the CPBB article I
posted earlier today.
September 19, 2011
A Call for FairnessThis time, President Obama did not compromise with himself beforehand, or put out a half measure in hopes of luring nonexistent Republican support. This time, he issued an unabashed call for economic fairness in cutting the federal deficit, asking as much from those on the economy’s upper rungs as from those lower down whose programs may be trimmed.
And this time, standing in the Rose Garden on Monday, he seemed to speak directly to a public that has been parched for farsighted leadership in Washington. The one troubling note of the day was Mr. Obama’s failure to provide enough specifics on some of his proposals, and his aides’ inexplicable continued faith in the idea of Congress working out a sensible middle ground on taxes.
But the president’s plan to cut $3.6 trillion from the deficit over the next 10 years is a well-proportioned mix. It proposes about 60 percent spending cuts (including winding down two wars that his predecessor started fighting off the books with the eager support of the supposedly fiscally responsible Republicans in Congress) and 40 percent tax increases on the wealthy and corporations.
It pays for the desperately needed jobs plan he sent to Congress last week without more mindless hacking at government programs, and would be a much better alternative to the $1.2 trillion in across-the-board spending cuts that loom if Congress does not pass a debt plan this year.
Republicans will, of course, mount obdurate opposition in Congress, since they have no intention of allowing the government to ask anything from the wealthy and corporations. Even before the plan was announced, the party’s leaders had rolled out their rusted artillery, calling an increase in taxes on high earners “class warfare” and insisting that it would fatally wound “job creators.” (In fact, less than 2 percent of the nation’s
small businesses would be affected by the tax increases.)
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