What is your take on the details of Obama's budget? He seems to have made everyone unhappy.
it does nothing to either get the government out of controlling markets or does it repudiate market capitalism.... it is useless. the day were we could save ourselves by trimming the sails a bit like this budget does were gone a long time ago ...the system has lost all credibility has have our leaders.
far too little and far too late. the product of either a small mind or one that does not want to do the work of fixing the USA.
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Obama’s lazy budget
By Robert J. Samuelson, Thursday, April 11, 9:48 AM
There is something profoundly timid about President Obama’s proposed $3.8 trillion budget for 2014. Stripped of boasts about “investments” for the future and a responsible “balance” between deficit reduction and economic growth, the budget is a status-quo document. It lets existing trends and policies run their course, meaning that Obama would allow higher spending on the elderly to overwhelm most other government programs. This is not “liberal” or “conservative” so much as politically expedient and lazy.
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But Obama remains unwilling to grapple with basic questions posed by an aging population, high health costs and persistent deficits. Why shouldn’t programs for the elderly be overhauled to reflect longer life expectancy and growing wealth among retirees? Shouldn’t we have a debate on the size and role of government, eliminating low-value programs and raising taxes to cover the rest? The “spin” given by the White House — and accepted by much of the media — is that the president is doing precisely this by putting coveted “entitlement” spending on the bargaining table.
It’s phony. Compared with the size of the problem, Obama’s proposals are tiny.
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So Obama has taken a pass. He has chosen the lazy way out. He’s evading basic choices while claiming he’s bold and brave. A more charitable interpretation is that he’s focusing his political talents on more promising causes (gun control, immigration). Either way, government is slowly growing larger while — in many basic functions — it’s being strangled. This paradox, it seems, will be Obama’s questionable legacy
When you put someone on ignore it doesn't work if you constantly respond to them.
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H2O MAN
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Fri 12 Apr, 2013 04:25 pm
Look everybody, it's a libtard slap fest.
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spendius
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Fri 12 Apr, 2013 05:13 pm
@BillRM,
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You might wished to consider placing Izzy on ignore also as he rarely and I mean rarely have anything of worth to add to any discussion on any thread.
He just did a post on the Brit thread which raised a laugh here.
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realjohnboy
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Fri 12 Apr, 2013 05:15 pm
Gee, wasn't that last H2O post witty?
The Dow this week closed near 15000. That is more than double where we were in early 2009.
Gold sank almost 6% today alone. Investors were spooked by news/rumors that Cypress may sell some 40 tons. It is now some 20% off its high. The conspiracy theorists believe that Obama and the Goldman Sachs people are engaged in a conspiracy.
The 10-year bond yield (which I follow) has been hovering at near new lows of around 1.7% or so.
Oil made another attempt to close below $90/bbl. Gas at the pump here went below $3.20/gallon.
There wasn't much coverage of the news out of Japan: Quantitative Easing On Steroids. The yen fell sharply against the dollar earlier in the week before recovering today.
Lets go back now to more of H2O's clever cartoons!
