Obama Pushes for Billions More in Spending, No Budget Compromise

Image: Obama Pushes for Billions More in Spending, No Budget Compromise

Friday, 21 Feb 2014 08:11 AM

By Melissa Clyne

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Obama is going back on his promise to compromise on reducing the federal debt with a budget proposal for 2015 that would increase spending by $56 billion.

His move, an apparent effort to bolster Democrats in this fall's midterm elections, abandons the "grand bargain" he offered last year to appease Republicans, The Washington Post reports.  He had promised to put a lid on spiraling retirement spending by reducing cost-of-living increases for Social Security recipients in return for an increase in taxes on the richest Americans.

Special: How to make your first million!

Obama's 2015 budget proposes increased spending on programs to bolster the middle class, including funding for early-childhood education initiatives and job training.

As budget details leaked out, a spokesman for GOP House Speaker John Boehner said it's more proof the president never intended to make good on his promise to work across party lines to trim the deficit.

"This reaffirms what has become all too apparent: the president has no interest in doing anything, even modest, to address our looming debt crisis," said Brendan Buck in a statement. "The one and only idea the president has to offer is even more job-destroying tax hikes, and that nonstarter won't do anything to save the entitlement programs that are critical to so many Americans."

The White House pointed the finger at the GOP for Obama's shift, The New York Times reports.

"There was a point in time when there was a little bit more optimism about the willingness of Republicans to budge on closing some tax loopholes," Josh Earnest, a White House deputy press secretary, tells the Times. "But over the course of the last year, they've refused to do that."

Earnest said  the president's requests are "fully paid for" and "offset by revenue increases and cuts in other parts of the budget."

But Buck characterized the $56 billion spending-increase proposal as evidence that the president is a lame duck whose solution to every problem is spending money the government doesn't have.

"With three years left in office, it seems the president is already throwing in the towel," Buck said.

Special: How to make your first million!

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Democrats Rush to Confirm Obama Nominees in Lame Duck Session

Thursday, 23 Oct 2014 09:14 AM

While publicly expressing confidence that Democrats will hold onto a majority in the Senate, party leaders are scramblin . . .

Canada Had Revoked Shooter's Passport, Citing High Risk

Thursday, 23 Oct 2014 09:14 AM

The Canadian shooter who gunned down an unarmed guard at the Ottawa War Memorial on Wednesday before firing his way thro . . .

Man Charged after Jumping White House Fence, Sparking Lockdown

Thursday, 23 Oct 2014 08:34 AM

A man arrested after jumping the White House fence on Wednesday night has been charged with three felony counts and four . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved