Posts Tagged ‘cuts

05
Feb
13

President Obama’s ‘sequestration’ statement

Text of remarks here

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Steve Benen: At the end of the month, deep, automatic sequestration cuts are due to kick in, hurting the economy, the Defense Department, and the general public…..

Today, President Obama said he and Congress have already approved more than $2.5 trillion in deficit reduction, and got to $4 trillion “with a balanced mix of spending cuts and more tax reform,” with the latter including changes “so that the wealthiest individuals and corporations can’t take advantage of loopholes and deductions that aren’t available to most Americans.”

Is there time for a major budget agreement and a tax-reform compromise? Of course not, which is why Obama suggested Congress pass “a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until Congress finds a way to replace these cuts with a smarter solution.”

And, of course, Republicans immediately rejected the idea and threatened to do deliberate harm to the economy…..

More here

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Severely stressed about it all:

President Barack Obama makes an announcement on sequestration in the White House Press Briefing Room on February 5

06
Dec
12

‘What $2,000 Means to My Family’

Back in a while, chat away.

06
Dec
12

Rise and Shine

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Reuters: President Barack Obama takes his “fiscal-cliff” campaign to the home of a family in Northern Virginia on Thursday (1:35) to illustrate the impact of letting taxes go up on the middle class….

With about three weeks remaining before steep tax hikes and budget cuts that comprise the so-called fiscal cliff are set to begin, the White House said Obama would visit the home of a family that responded to a presidential Twitter request for real-life stories about the burden of a tax increase on the middle class.

More here

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Greg Sargent: Public opinion gives Dems all the leverage: Here’s another reason Republicans may have to accept the above way out: A new Quinnipiac poll finds that Americans are solidly on the side of Obama and Democrats in this battle. Voters say by 53-36 they trust Obama and Dems more than Republicans on the fiscal cliff mess. And by 51-43, voters say Republicans won’t make a “good faith effort” to cooperate with Obama on issues important to them.

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Twitter meltdown of the week:

Politico’s Ben White was in a monster, well, huff because he wasn’t included in Huffington Post’s ’32 Economics Journalists You Should Be Following On Twitter’ list. But, instead of being sensible and ignoring the OUTRAGEOUS snub, what does he do? Yep, he whinged about it endlessly on Twitter.

The tweet above caused a good giggle – talk about revealing your politics. But then, he does work for Politico.

More at BusinessInsider

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Random pic:

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Late start, but finally: MooooOOOoooooOOOooorning! More news later.

01
Dec
12

Rise and Shine

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President Obama has no public events scheduled on Saturday. On Sunday, he and first lady Michelle Obama will attend the Kennedy Center Honors. They will host the honorees beforehand at a White House reception.

Kennedy Center:  The John F. Kennedy Center for the Performing Arts has announced the selection of the seven individuals who will receive the 2012 Kennedy Center Honors. Recipients to be honored at the 35th annual national celebration of the arts are: bluesman Buddy Guy, actor and director Dustin Hoffman, comedian and television host David Letterman, ballerina Natalia Makarova, and rock band Led Zeppelin. While Led Zeppelin is being honored as a band, keyboardist/bassist John Paul Jones, guitarist Jimmy Page, and singer Robert Plant will each receive the Kennedy Center Honors.

More here

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Joe Klein (Time): The Republicans are, reportedly, outraged by President Obama’s opening bid in the fiscal cliff talks. Republicans always seem to be outraged. It’s getting boring. They need to step up and make a counter-offer.

…. It might have seemed “righteous” indignation when the GOP was deluding itself about representing a majority of Americans; now, it just seem puerile and petulant.

… What is difficult for the Fox talking heads to understand is this: We had an election. The President won. This gives him greater leverage than the last election we had, in 2010, when the President’s party lost…

…. the assorted Republican drama queens seem so two months ago, don’t they?

Full post here

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ThinkProgress: With Republicans balking at the prospect of allowing the Bush tax cuts to expire for the top 2 percent of Americans, Democrats are losing patience. House Majority Leader Eric Cantor said Friday that the House GOP will not hold a vote on a middle-class tax bill that excludes the top income brackets, even though the Senate has already approved one.

In response, House Minority Leader Nancy Pelosi announced Friday that Democrats plan to bring the legislation to a floor vote next week no matter what. The Democrats plan to use a discharge petition, which can force a bill to the floor if it has been stuck in committee for 30 legislative days. In a new statement, Pelosi dared her Republican colleagues to reject the plan to extend tax cuts for 98 percent of the country…

More here

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Gail Collins: You undoubtedly have heard that Barack Obama invited Romney for lunch this week…. …. You’d think they could have served meat loaf. Mitt’s favorite food is meat loaf. Also, Mitt loves practical jokes, and if Obama had really wanted to get in the spirit of things, he could have had Romney arrested by the Capitol Police in the lobby.

…. The makeup meal doesn’t even have to make the loser feel better. (In 2008, Obama had John McCain over for a postelection meeting in Chicago, and you can see what a healing effect that had on McCain’s ego.) …

…. [the president] elaborated at his first postelection news conference, saying that Romney “presented some ideas during the course of the campaign that I actually agree with.”

The “actually” didn’t sound all that enthusiastic. Also, when it came time to praise his former rival, Obama said Romney “did a terrific job running the Olympics.”

Full article here

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Completely random pics:

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MoooOOooooOoooorning everyone.

28
Nov
12

Chat away

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Thursday:

12:15: President Obama meets with the 2012 American Nobel Prize winners

12:30: PBO and Romney meet for lunch

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Chat away.

28
Nov
12

Chat away

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@BarackObama

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Back in a while.

26
Nov
12

Rise and Shine

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Matthew Yglesias: Obama’s 2010 Lame Duck Tax Deal Was a Triumph, Not A Sellout …. David Corn has an interesting piece (see below) pushing back on the myth of the Obama cave-in, but I’d go further – the deal was a triumph …

….. Obama secured a deal that extended the middle class tax cuts, extended UI benefits, created a stimulative payroll tax holiday, cleared the legislative decks for Don’t Ask Don’t Tell repeal and the passage of the New START arms control treated, and in exchange he gave up nothing of any real substance ….  now he gets to play that leverage from a somewhat stronger economic and political context. It’s totally solid legislative dealmaking, and not any kind of cave-in or surrender.

Full post here

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David Corn (Mother Jones):  ….. Obama didn’t wave the white flag in 2010. He turned a face-off over the Bush tax cuts into an opportunity to enact a second stimulus that he otherwise could not get past Senate Republicans. His failure at that time was not that he mustered insufficient mettle; he failed to convey to the world that he had ju-jitsued the GOPers.

….  no one ought to forget that Obama, a progressive in his policy preferences, remains a pragmatist. What happened two years ago is not an indication that Obama is likely to yield in the new face-off, but that he will be assessing the political dynamics in gridlocked Washington and be willing to bargain hard for a good deal with true benefits. That’s not caving in. It’s governing.

Full post here

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NYT: When Tea Party activists swamped town hall-style meetings about health care in the summer of 2009, President Obama’s army of campaign volunteers largely stayed away ….. now, Mr. Obama is seizing a second chance to keep his election-year supporters animated.

With lawmakers scheduled to return to work on Monday to begin intense discussions before a looming fiscal deadline, Mr. Obama’s aides are trying to harness the passions that returned him to the White House, hoping to pressure Republicans in Congress to accept tax increases on the wealthy. The president’s strategists are turning first to the millions of e-mail addresses assembled by the campaign and the White House.

Already, supporters are being asked to record YouTube videos of themselves talking about the importance of raising taxes on the rich. Aides said those videos would be shared on Facebook and Twitter and would be forwarded to centrist Democrats, as well as to mainstream Republicans, who they hope will break with their Tea Party colleagues.

More here

More from Steve Benen here

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