The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Wednesday, March 18, 2015

Obama 2016 Budget Vs. Republican Budget

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In 2011, as John Boehner and former House Majority Leader Eric Cantor, perpetrated their contributions to anti-Obama obstruction the commonly referred to "Grand Bargain" occupied the news comparable to far too often pictures of Kim Kardashian. The "Grand Bargain" negotiations served no real purpose and factually led to Standard & Poor's lowering the US Long-Tern Credit rating from Triple AA to doble AA. The credit rating remains same which is a testament to longstanding perception by S&P as follows.

  • We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.
  • We have also removed both the short- and long-term ratings from Credit Watch negative.
  • The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.
  • More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political challenges to a degree more than we envisioned when we assigned a institutions have weakened at a time of ongoing fiscal and economic negative outlook to the rating on April 18, 2011.
  • Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us able to leverage their agreement this week into a broader fiscal pessimistic about the capacity of Congress and the Administration to be consolidation plan that stabilizes the government's debt dynamics any time soon.
  • The outlook on the long-term rating is negative. We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

After the "Grand Bargain" fell apart (and mere days before the credit rating was lowered for the first tie in US History), Boehner remarked: "I got 98% of what I wanted."

Political obstruction coupled with blind subservience to dark money brokers, yields incompetent-money directed elected stooges who work against the good of the people. If you find my posit a bit off the mark, set your eye on the latest congressional budget from Boehner's House of Representatives. 

The 2016 House Budget is the unquestionable proof of GOP maximum devotion to governance "not of the people." It has been decades since the GOP controlled both Houses of the US Congress. A budget is a budget; not a proposal that involves passing a law. The fiscal exercise is critical to federal governance as it sets fiscal priorities while providing insight into the soul of the the Executive and Legislative Branches of government.

The Republican Budgets read as gifts to the nations Top 20% (ers) and US corporatists.

The White House Budget includes additional spending, but it excludes Social Security vouchers, it excludes cuts to Medicare and it excludes deep cuts to Food Stamp programs. We must not forget food stamp programs predominantly feed children. On a secondary basis the programs benefit the elderly; on a tertiary basis the unemployed (short and long term).

The Washington Times offers a graphic that indicates the Budget proposals are not far apart. 

The Washington Times

The New York Times published a Budget to Budget comparison that includes the Senate Proposal (e.g. The Republican Proposal): linked here

Herewith is a snippet of the link, you may have chosen to ignore.
The president’s budget increases taxes, while the Republicans are calling for an overhaul of the tax code. 
The president wants to increase domestic and military spending, while Republicans want to cut spending. 
The president’s budget flattens out deficits, while Republicans want to eliminate them entirely. 
The president’s plan flattens out the nation’s debt, while the Republican plans cut it by a quarter.
The second item above is as craftily written as I hae seen in years. The Republicans are proposing heavy increases in military spending while cutting Human Services programs by the billions.

US media at its most facilitating........a picture that may be strategically unbalanced. What about issues important to Americans that seem to go unnoticed via the GOP. Or, should I say "seems to meet the Hand" from the GOP.  

In 2012 SLATE, published an easy to discern graphic that (in 2012) pinpointed public polling fiscal concern. As you view the two year old graphic, retain a couple of thoughts. First, can you envision the data points showing even more progressively since 2012. Next, consider of US corporatist data points would show on the graphic. 

Budget Puzzle Poll Results source

Did you notice public sentiment regarding "Reducing Military Spending?"  

Now, consider the following meme and do a point by point look-up at the 2012 graphic. 

Image by Occupy Democrats.

Yet, the GOP goes about the business of governance for the few: cash customers! If you skipped the link nearest this sentence you may have missed corporate contribution to progressive candidates. However it is important to note, the DEMS are not cutting human services programs

Regardless of your affinity, or lack there of, for Al Sharpton, his (March 18, 2015) 9:45 minute segment is point on regarding the GOP Budget proposal. If you do not have time or a lack of interest in the full segment, the 1:16 minute mark through the 2:00 mark is fairly representative and relevant.

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