Liberals Fear 'Grand Bargain' if Obama Elected

Friday, 02 Nov 2012 09:24 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Liberals may be working hard for President Barack Obama’s re-election, but they’re worried he’ll opt for a “Grand Bargain” – spending cuts and tax increases -- with Republicans if he wins.

And they’re prepared to take him to the woodshed if he does so, Politico reports. The concern is that Obama will approve spending cuts that hurt the poor and disadvantaged.

“The base is not going to be happy with ham-and-egg justice” that requires disproportionate sacrifice from all but the wealthy, Van Jones, Obama’s former green jobs czar and founder of Rebuild the Dream, a progressive advocacy group, told Politico.

Urgent Poll: Cast Your Vote for Romney, Obama Early!

“It is a fiscal showdown. We’re not going to blink. There is no reason in the world why the pillars of middle-class security, the earned benefits that our parents fought for, should be on the chopping block.”

If Obama is re-elected he will be sandwiched on both the right and the left as Republicans, who almost certainly will maintain control of the House, demand entitlement reform and the continuation of 2001-03 tax cuts for all income levels.

As for the president himself, “If I’ve won, then I believe that’s a mandate for doing it in a balanced way,” Obama told MSNBC’s “Morning Joe” this week. “We’ve already made $1 trillion worth of cuts. We can do some more cuts.

“We can look at how we deal with the healthcare costs in particular under Medicare and Medicaid in a serious way.,” Obama said. But we are also going to need some revenue.”

Obama and Congress will have to act fast. The government will hit its $16.2 trillion debt limit between the election and the Jan. 20 inauguration.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink

 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Facebook
Twitter
Google Plus
You May Also Like

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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