Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
NYT editorial: A Responsible Budget
Editorial
A Responsible Budget
President Obama’s 2013 budget was greeted on Monday with Republican catcalls that it is simply a campaign document, but election-year budgets are supposed to explain priorities to voters. This one offers a clear and welcome contrast to the slashing austerity — and protect-the-wealthy priorities — favored by Republican Congressional leaders and the party’s presidential candidates.
The president’s budget calls for long-term deficit reduction, but its immediate priority is to encourage the fledgling economic recovery. Instead of trying to stabilize the budget on the backs of the poor, it would raise taxes on the wealthy and on big banks and eliminate many corporate tax loopholes.
To put Americans back to work, it would invest $350 billion in constructing roads, rail lines and schools, and encourage manufacturing through tax incentives and research spending. It would maintain the Pell grant program for low-income college students and add new spending for teacher improvement and education reform.
<...>
If Congress were not dysfunctional — if it cared more about economic stabilization than scoring political points — it would sign on to a budget like this. As it is, the proposal will go nowhere, largely because of the Republican refusal to raise taxes on the wealthy and to spend money on vital programs. Senate Democrats, who don’t want to make hard political choices, also share the blame. They have already said that they do not intend to pass the president’s or their own budget, deferring their responsibility for a third year. At a time when honest economic planning needs all the support it can get, that’s a serious mistake.
http://www.nytimes.com/2012/02/14/opinion/a-responsible-2013-budget.html?ref=opinion
A Responsible Budget
President Obama’s 2013 budget was greeted on Monday with Republican catcalls that it is simply a campaign document, but election-year budgets are supposed to explain priorities to voters. This one offers a clear and welcome contrast to the slashing austerity — and protect-the-wealthy priorities — favored by Republican Congressional leaders and the party’s presidential candidates.
The president’s budget calls for long-term deficit reduction, but its immediate priority is to encourage the fledgling economic recovery. Instead of trying to stabilize the budget on the backs of the poor, it would raise taxes on the wealthy and on big banks and eliminate many corporate tax loopholes.
To put Americans back to work, it would invest $350 billion in constructing roads, rail lines and schools, and encourage manufacturing through tax incentives and research spending. It would maintain the Pell grant program for low-income college students and add new spending for teacher improvement and education reform.
<...>
If Congress were not dysfunctional — if it cared more about economic stabilization than scoring political points — it would sign on to a budget like this. As it is, the proposal will go nowhere, largely because of the Republican refusal to raise taxes on the wealthy and to spend money on vital programs. Senate Democrats, who don’t want to make hard political choices, also share the blame. They have already said that they do not intend to pass the president’s or their own budget, deferring their responsibility for a third year. At a time when honest economic planning needs all the support it can get, that’s a serious mistake.
http://www.nytimes.com/2012/02/14/opinion/a-responsible-2013-budget.html?ref=opinion
7 replies
= new reply since forum marked as read
= new reply since forum marked as read
Saying that President Obama is like Jesse White, the Maytag repairman of their old tv commercials, "the lonliest guy in town".
obama is a socialist, robin hood fantasies, the deficit 
where were all these deficit concern trolls when bush was in office 
none of the right-leaning comments mention this fact: spending money on building roads and schools will put people to work, which will in turn stimulate the economy.
as taught by professors with no political agenda, as opposed to political hacks whose only agenda is holding on to office by any demagoguery or political ploy to bamboozle not so educated voters 