Showing posts with label budget wars. Show all posts
Showing posts with label budget wars. Show all posts

Thursday, July 25, 2013

Is Obama preparing for nuclear budgetary war?


It's a foundation built upon five pillars that will grow our economy and make this new century another American century: new rules for Wall Street that will reward drive and innovation; new investments in education that will make our workforce more skilled and competitive; new investments in renewable energy and technology that will create new jobs and industries; new investments in health care that will cut costs for families and businesses; and new savings in our federal budget that will bring down the debt for future generations. That is the new foundation we must build. That must be our future – and my Administration's policies are designed to achieve that future.
That's Obama laying out his broader economic vision -- in April 2009. Three of the five pillars match the five cornerstones he laid down in yesterday/s speech on long term economic growth -- or rather two and a half, as his "jobs" cornerstone yesterday centered in large part on renewable energy.

As many pointed out, there were no new proposals in Obama's speech yesterday, and not much detail -- it was a framework, with details to be supplied in an upcoming series of speeches. And that's okay. As the political storms of autumn approach, dullness is good. Repetition is good. Reminder of what Obama is about -- how he thinks, how he carries himself, what he wants -- is useful, even if it doesn't excite anyone now. It's an impression scheduled for timed release.

Monday, March 18, 2013

I get nervous when I read sentences like this

from Greg Sargent:
But there is no realistic scenario under which Democrats agree to serious entitlement cuts without new revenues, so until this position changes, we’re very likely going to remain stuck in extended sequestration.
It seems to me that progressive watchers of the budget wars like Sargent and Brian Beutler tend to underestimate Obama's capacity to move the goalposts on itself. Remember his alleged retort to Boehner's opening offer late last year to raise about $800 billion in new revenue over ten years via (unspecified) loophole closures: "I get that for free"?  He didn't. And as Sargent's post implies, he won't any time time soon. Relatedly, remember Obama's not-quite-hard line about the Bush tax cuts -- that they would not be extended for households earning over $250k? They were (up to $450k).

Saturday, March 02, 2013

Did the two-year budget war just end with a GOP victory?

[Update 2]: I usually try to avoid the blog-first-ask-questions-later temptation but may have succumbed to it in this case. Important qualification of news on which this post is based from Brian Beutler. The question is whether Obama has announced intention to sign a continuing resolution by March 27 that funds the government through Sept. 30 at levels incorporating the sequestration:

it's hard to write about this. My understanding is that he will not sign CR that makes the sequester caps the new top line...

however he will sign one that preserves the existing top line, even if sequestration makes him cut beneath it.

Technical but important difference.

yes indeed! Can there really be a "here's the budget but you have to cut below it" provision?
that's what we have today under sequestration. The new CR would simply carry the current budget forward, soup to nuts.
 More qualifications in updates at bottom.  So perhaps the answer to the question in the post title is 'not yet,' though I still think that Obama has maneuvered himself into a bad position. Here's the original post.
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Every time the next budget showdown looms, Dem-side writers always eagerly game out what will happen when Obama refuses to yield and Republicans are forced to propose x, or defend y.

It never happens. Obama always punts, or caves.

The next showdown was to be March 27, when the continuing resolutions funding the government run out, and new funding bills will have to be passed, either at sequestration levels -- or not.  Here, for example, is Brian Beutler on February 26:
The most important factor in this fight is probably the reality that Obama doesn’t have to face voters again and thus is willing to veto sequestration replacement bills if they’re composed of spending cuts alone. Congressional Democrats are fully aware of this, too, and that creates a powerful incentive for them to hold the line.

So sequestration will begin. Obama won’t cave. And then the tension sequestration was intended to create — and in fact has created — between defense hawks and the rest of the GOP will intensify and actually splinter the party. If that doesn’t happen quickly enough, then the sequestration fight will become tangled up in the need to renew funding for the federal government at the end of March. If Republicans don’t cave before then, they’ll precipitate a 1995-style government shutdown, public opinion will actually begin to control the outcome, and it’ll be game over.
But what did Obama do on the eve of sequestration? The Times' Michael Shear and Jonathan Weisman report: