There is a growing sense among liberals, and even some Republicans, that we can no longer control government spending. The last two administrations have raised the base spending levels so high that we simply can’t return to even 2004 levels. If that’s the case, say current politicians, we must widen our scope to the outliers that affect the deficit. We must increase revenue to the government, and those who do not oblige, such as Apple computers, must be held to account. If it’s the case, we must go after the rich, the somewhat-rich, the super-rich, and the mega-rich. We must also go after corporations, and anyone and everyone (who is not in government) that has caused this debt. We’ve reached a point of no return with those living off the largesse of the American tax payer to turn around now and say that we need to cut their benefits. There are just too many dependent people now. It wouldn’t be politically smart to tell them that the gravy train, the free ride must come to an end.
In a piece sympathetic to Obama’s cause, the NY Times details that: “The White House estimates that Mr. Obama’s plan (to raise taxes on the rich) would raise $866 billion over the next decade, or nearly half of that.”**
So, if our current deficit (spending over revenue) for the current year is 1.326 trillion, then even by sympathetic estimates, the Obama plan would only lower the current deficit to 1.240 trillion. As Obama has said, “It would be a good start.” Fair enough, but what would it be starting?
Due to the fact that no Obama budget plan, thus far, has contained any serious attempts at cutting spending, he can’t even get Democrat support for them. Due to the fact that Congressman Paul Ryan has made some minor attempts at cutting spending, attempts that occur over a ten-year period, he has been demonized. Due to the fact that Republicans held out for spending cuts in last year’s Budget Battle, they were demonized and trashed by Obama and his acolytes in the media. Republicans caved on their modest proposals and basically gained nothing for their part in the battle. Obama has shown that he’s not really about starting something. He would rather focus the entirety of his battle on the politically expedient battle of “tax the rich” to the tune of $86 billion a year in deficit recovering revenue…or nearly half of that.