Obama Against Prescription for Decline
"Budget politics and the 2012 campaign merged today, as President Obama lit into Republicans and their priorities. His main target was the House Republican budget plan. It would cut the deficit by $3.3 trillion in the next decade, over and above the $4 trillion in savings in the Obama budget. The president addressed the Associated Press annual meeting in Washington."
"PRESIDENT BARACK OBAMA: For much of the last century, we have been having the same argument with folks who keep peddling some version of trickle-down economics. They keep telling us that if we convert more of our investments in education and research and health care into tax cuts, especially for the wealthy, our economy will grow stronger."
Budget Promotes Social Darwinism
OPINION: "The returns weren't all in yet on Tuesday's Republican primaries but President Obama didn't wait. He kicked off his 2012 campaign against Mitt Romney with a hard-hitting speech centered on the House Republicans' budget plan -- which Romney has enthusiastically endorsed. That plan, by the way, is the most radical reverse-Robin Hood proposal propounded by any political party in modern America."
"It would save millionaires at least $150,000 a year in taxes while gutting Medicaid, Medicare, food stamps, transportation, child nutrition, college aid, and almost everything else average and lower-income Americans depend on. Here's what the president had to say about it: 'Disguised as a deficit reduction... it is really an attempt to impose a radical vision on our country. It is thinly veiled social Darwinism.'"
"Romney proclaimed that Obama 'is the only president to ever cut $500 billion from Medicare.' Given that Romney supports the GOP-backed Ryan budget that calls for severe slashes in Medicare spending, this is an odd charge. It is also false. As PolitiFact notes, Obama's 'health care law reduces the amount of future spending growth in Medicare. But it doesn't cut Medicare.' By the way, Obama's law expanded certain Medicare benefits. The fact checking site also points out that Presidents Reagan, George H.W. Bush, and Bill Clinton each enacted Medicare cuts."
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Jobs and Medicare: The Ryan Budget
"Not only does this budget seek to change the fundamental structure of the U.S. economy and American society by undermining the popular and successful Medicare program and gifting $3 trillion in tax cuts for the already wealthy, but it also slashes nearly $900 billion from public investments in education, science, and infrastructure critical to growth -- all without offering specific policies for job creation or new revenue sources. This budget would threaten the progress we’re making by undermining growth and weakening middle-class families."
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