Obama's budget preview draws attacks from both flanks
President Obama does not even formally unveil his proposed 2014 federal budget until next week, but the details of the blueprint being leaked early have both Republican leaders and Mr. Obama’s liberal base fuming.
Senior White House officials said Friday that the fiscal 2014 budget Mr. Obama has prepared cuts the deficit by $1.8 trillion over 10 years and changes the way annual Social Security benefits are calculated, while also calling for higher taxes.
Because the president’s budget also would wipe out the $1.2 trillion in sequester cuts, Republicans argue that it would only produce $600 billion in net savings, a third of what the White House claims.
Mr. Obama’s spending blueprint will propose moving from the current inflation measure to the so-called “chained” consumer price index (CPI) to calculate Social Security benefits, to slow the program’s cost growth of by reducing payments over time to seniors and future retirees.
It also will call for higher-income beneficiaries to pay more for Medicare coverage, and for $600 billion in new revenue — most of which would come from capping the tax deductions that those in the higher tax brackets can claim.
Deluged with questions about the change to Social Security during Friday’s briefing with reporters, White House spokesman Jay Carney said the budget is not Mr. Obama’s “ideal plan” but instead a “good-faith effort” to strike a compromise deficit deal with Republicans.
While congressional Democratic leaders were largely silent on the White House budget early Friday, the proposed Social Security changes drew angry responses from some lawmakers and liberal groups who have warned that the new formula would make it harder for the nation’s retirees to keep up with the risings cost of health care.
Republicans also are rejecting the idea of new tax increases, arguing that they already agreed to tax increases as part of the “fiscal cliff” deal that passed Congress New Year’s Day. The budget focus now should be on spending cuts alone, they insist.
Robert Reich, former labor secretary under President Bill Clinton, said in a MoveOn.org press release this week that “Social Security is not driving the deficit, therefore it should not be part of reforms aimed at cutting the deficit.”
“The chained CPI, deceptively portrayed as a reasonable cost-of-living adjustment, is a cut to Social Security that would hurt seniors,” Mr. Reich said.
Sen. Bernie Sanders, Vermont independent, sent on an email Thursday that said the Democratic president was turning his back on a promise he made in 2008 not to cut Social Security.
“If Obama is serious about dealing with our deficit, he would not cut Social Security — which has not added one penny to the deficit,” Mr. Sanders said. “Instead, he would support legislation that ends the absurdity of one out of four profitable corporations paying nothing in federal income taxes. He would also help us close the offshore tax haven loopholes that enable large corporations and the wealthy to avoid paying $100 billion a year in federal taxes.”
One liberal group went so far as to show Mr. Obama the door out of the Democratic Party and vowed to recruit a primary opponent for any Democrat in Congress who votes for a plan that cuts Social Security.
“You can’t call yourself a Democrat and support Social Security benefit cuts,” said Stephanie Taylor, co-founder of the Progressive Change Campaign Committee. “… The president has no mandate to cut these benefits, and progressives will do everything possible to stop him.”
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In 1969, just 2.8 million Americans received food stamps. -ReplyDelete
Today, Soda makers, for example, bag an estimated $4 billion a year in taxpayer money through the food stamp program.
Today, over 47 million Americans are on food stamps. The Fox News special explained that one contributing factor to the massive expansion of the food stamp program is the crony capitalism that has cropped up around the anti-poverty program.
Soda makers, for example, bag an estimated $4 billion a year in taxpayer money through the food stamp program. Efforts to kill the so-called “soda subsidy” have been met with fierce resistance and lobbying by the soda industry.
In Florida, State Senator Ronda Storms (R-Valrico) introduced a bill last year that would keep taxpayer-funded SNAP benefits from being spent on non-essential items like sodas, candy, chips, ice cream, and other junk foods.
“The biggest opponents I have right now are Coca Cola, the soda companies, the chip companies and the convenience store operators,” said Storms in an interview with Fox News.