Today the White House announced that President Obama will deliver a major
speech Wednesday evening to "lay out a broad plan to reduce the nation's
soaring deficit and debt." David Plouffe says the new plan will make clear
that Obama "believes we need significant deficit reduction in the coming
years."
But wait! Didn't Obama just lay out for us his vision of the nation's fiscal
future? Indeed he did: the administration presented its FY 2012 budget on
February 14, less than 60 days ago. And already, that budget has been
relegated to the scrap heap. Obama will now start over with a fiscal plan that
he hopes will be more credible than his official FY 2012 proposal.
That tells you everything you need to know about who won the standoff over FY
2011. Republican calls for a responsible budget are in the ascendancy, as the
administration's polling evidently confirms. You can draw the same conclusion
from the evolution in Harry Reid's statements about spending cuts, as noted by
Andrew Stiles at The Corner:
> Harry Reid, Feb. 3, 2011, on Paul Ryan's initial offer of $32 billion in
spending cuts:
>
>> The chairman of the Budget Committee ...
Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/75938961?client_source=feed&format=rss
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