The $3.9 trillion budget proposal that President Barack Obama released Tuesday will serve as a Democratic campaign manifesto in the November midterm elections and the 2016 race for the White House, says political commentator and author Dick Morris.
"Obviously, he knew that in submitting a budget that called for almost a trillion dollars in extra spending that it was not going to be approved by either house after they had finally produced a document for the first time in four years. Neither the House nor the Senate is prepared to reject that spending cap so soon after it was formulated.
"But the budget provides a wish list for the 2014 and '16 Democratic campaigns, particularly by talking about providing universal pre-K schooling and $300 billion of road construction and a variety of other initiatives," Morris told Newsmax TV's J.D. Hayworth on "America's Forum" on Wednesday.
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Asked who could disagree with things like more pre-K and improved infrastructure, Morris replied, "I can. The effort to expand pre-K and the way he's doing it is really a sop to the teachers union, because he wants additional union jobs for them. And the polling, the research shows that kids who have good head-start educations do better in the first two years afterward, and then there's no difference. So, I'm not sure it's worth that massive an expenditure."
"The one thing that is pretty good in the budget is that he finally, after five years in office, eliminates the carried interest, which permits billionaires to make away without paying much in interest, including Mitt Romney, and it was very kind of Obama not to repeal that until after Mitt returned to the private sector," Morris said.
As for whether that has any chance of being picked up in the House, Morris said, "The problem has not been the House. The problem has been the Senate. Chuck Schumer, senator from New York, has been a fierce Democrat in protecting the carried interest because he sees Wall Street as his local industry, and the Senate has blocked that. The House has been far more willing to get rid of that."
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