Thursday, April 5, 2012

Re: Obama, in Talk, Calls House G.O.P. Budget the Work of Rightist Radicals

Neither Party's budget will cut anything.
---
it's way past time to eliminate the two party system

On Apr 4, 8:42 am, MJ <micha...@america.net> wrote:
> Political Drama .... bread and circuses ...
> Neither Party's budget will cut anything.
> Regard$,
> --MJ
> "The USA: like Russia, but with slightly better public relations." -- Scott HortonAt 09:34 AM 4/4/2012, you wrote:Obama, in Talk,
> Calls House G.O.P. Budget
> the Work of Rightist Radicals
> Speaking in Washington on Tuesday,
> President Obama criticized Republicans, the latest in a string of
> combative speeches.
> By MARK LANDLER
> NYTimes Published: April 3, 2012
> WASHINGTON — President Obama opened a full-frontal assault on Tuesday
> on the federal budget adopted by House Republicans, condemning it as a
> "Trojan horse" that would greatly deepen inequality in the United
> States, and painting it as the manifesto of a party that has swung
> radically to the right.
> Multimedia
> Obama at the Associated Press Luncheon
> Obama at the Associated Press Luncheon
> Close Video
> See More Videos »
> Related
>   a.. Obama's Remarks to Newspaper Editors (April 4, 2012)
>   b.. House Passes G.O.P. Budget Plan, Mostly Along Party Lines (March
> 30, 2012)
> Related in Opinion
>   a.. Editorial: Calling Radicalism by Its Name (April 4, 2012)
>   b.. The Election 2012 App
> Warning against what he said would be severe cuts to college
> scholarships, medical research, national parks, and even technology to
> make accurate weather forecasts, Mr. Obama said the Republican budget
> was "so far to the right, it makes the Contract With America" — Newt
> Gingrich's legislative manifesto of 1994 — "look like the New Deal."
> Mr. Obama's scathing attack, in a speech to a meeting of editors and
> reporters, was part of a broad indictment of the Republican Party that
> included the president's likely opponent in the fall, Mitt Romney.
> The House budget, and the philosophy it represents, Mr. Obama said, is
> "antithetical to our entire history as a land of opportunity and
> upward mobility for everyone who's willing to work for it — a place
> where prosperity doesn't trickle down from the top, but grows outward
> from the heart of the middle class."
> Republicans fired back quickly at the president, with the House
> speaker, John A. Boehner, accusing him of lobbing "partisan potshots"
> at Republicans rather than responding to their budget plan with a
> responsible counteroffer. A spokesman for the House Budget Committee,
> Conor Sweeney, said Mr. Obama's assertions about the cuts in the
> budget "are simply false."
> For Mr. Obama, it was the latest in a string of combative speeches, in
> which he has sought to make House Republicans a proxy for the
> Republican Party and cast himself as a brake on their radical agenda.
> "I can't remember a moment when the choice between competing visions
> of our future has been so unambiguously clear," Mr. Obama said.
> Americans, he said, cannot afford to elect a Republican president at a
> time of fragile economic recovery, with a weak job market and a
> crushing debt from "two wars, two massive tax cuts and an
> unprecedented financial crisis." The widening gulf between the rich
> and everyone else, Mr. Obama said, was hobbling the country's economic
> growth. He cited studies that found that societies with less income
> inequality had stronger and steadier growth.
> "In this country, broad-based prosperity has never trickled down from
> the success of a wealthy few," the president said. "It has always come
> from the success of a strong and growing middle class. That's how a
> generation who went to college on the G.I. Bill, including my
> grandfather, helped build the most prosperous economy the world has
> ever known."
> Mr. Obama's themes echoed his State of the Union address in January
> and his speech in Osawatomie, Kan., in December, when he invoked a
> Republican president, Theodore Roosevelt, who he said combined a
> fervent belief in the free market with a resolve to protect those
> vulnerable to its excesses.
> But the president turned a harsh new spotlight on the 2013 budget,
> drafted by Representative Paul D. Ryan, a Wisconsin Republican who
> chairs the Budget Committee. The proposal, he said, calls for
> across-the-board cuts in discretionary spending, as well as tax cuts,
> which he said would disproportionately benefit households earning more
> than $250,000 and would cost $4.6 trillion over the next decade.
> "Disguised as deficit reduction plans, it is really an attempt to
> impose a radical vision on our country. It is thinly veiled social
> Darwinism," Mr. Obama said. "And by gutting the very things we need to
> grow an economy that's built to last — education and training,
> research and development, our infrastructure — it's a prescription for
> decline."
> Singling out Medicare, the president asserted that the Republican plan
> to shift people to a system of vouchers would drive up the cost of
> health care for the elderly, since private insurance companies would
> target the youngest and healthiest people and leave the rest to rely
> on Medicare.
> For millionaires, the president said, the average annual benefit of
> the tax cuts would be $150,000 — money that he said could be used to
> pay for computer labs in schools, salaries for police officers and
> firefighters, medical care for veterans and a year's worth of
> prescription drugs for older people.
> The White House's calculation for the tax benefit is straightforward,
> but Republicans on the House Budget Committee say it is wrong. The
> average household earning more than $1 million would gain $46,000 from
> the House budget's repeal of the Medicare hospital insurance tax that
> was part of the health care law, the Republicans said, and $105,000
> from the extension of the Bush-era tax cuts that Mr. Obama wants to
> see expire next year.
> But the shape of the tax code is left largely unknown by the budget.
> The blueprint calls for the six existing income tax rates collapsed
> into just two, 25 percent and 10 percent. The revenue loss would have
> to be made up by the repeal of unspecified tax credits and deductions.
> It would be up to the House Ways and Means Committee to determine how
> that would be done.
> In theory, tax writers could focus on tax breaks that primarily help
> the rich, like the deduction for charitable giving, or end the biggest
> tax breaks only for upper income earners. But Democrats say such
> selective changes to the tax code would never recoup such large cuts
> to income tax rates.
> Jonathan Weisman contributed reporting.
> There are 2 things you must know about how I work:
> When you need me but do not want me,
> I must stay.
> When you want me but do not need me,
> I must go.
> - Nanny McPhee
> -= The Creative World of Coleman Wheeler =-http://www.angelfire.com/il/adventureclub/commend.html
> --
> Together, we can change the world, one mind at a time.
> Have a great day,
> Tommy
> --
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