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View Diary: Tax expert: John Boehner's fake fiscal cliff proposal is fake (43 comments)

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  •  If it's not enough, how much is? (0+ / 0-)

    What did you have in mind?  

    The President sent a solid budget proposal to Congress last February.  It was analyzed by the CBO and it may need a little update here and there to include what we know now.  

    The basic outline:  it raises $2.4 trillion in additional revenue relative to the CBO baseline.  It cuts $1.2 trillion in spending relative to the baseline.  Two-thirds of the spending cut comes from Overseas Contingency Operations.  

    It also shifts Transportation to the mandatory portion of the budget which would fund infrastructure projects without giving Congress an opportunity to stand in its way.
     

    "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

    by leftreborn on Tue Dec 04, 2012 at 10:53:11 AM PST

    [ Parent ]

    •  do you have a link (0+ / 0-)

      to the budget info? I have a friend who is in the RW bubble, who insists that Obama's never submitted a workable budget.

      •  Sure - (0+ / 0-)

        Here's the link to the CBO analysis.  It should make the tables open in Microsoft Excel.  The tab for Table 3 has the numbers relative to the baseline.  The notes at the bottom are useful for deciphering.

        The complete work the White House produced is here:

        There is some nonsense that rightwingers circulate about the President's budget.  You may have heard the tale about how it went down to defeat 0-414 in the House and 0-97 in the Senate.  It's a story that a good number of rightwingers know by heart, embellished with editorial comments about the lack of a single Democratic party vote in favor.  Missing from the tale is any clue as to the budget's supposed defect that would explain the vote.

        Six months ago when the Republicans were unable to get Ryan's budget resolution approved by both houses they engineered a stunt to embarrass the Democrats. The President is required by law to send a budget proposal to Congress each year in February.  It is a recommendation only. Remember that the Constitution authorizes Congress only for appropriations.  It's a key part of the separation of powers.  It was never customary to put the President's budget proposal to a vote.  There would be no reason.  Approval of it could initiate a controversy about constitutionality.  When the Republicans put the President's budget to a vote, it wasn't the original version either. It was the CBO scoring which varied slightly from the original.  The Republicans knew that no Democrats would vote for the budget and every rightwing blogger immediately picked up the story and reported it as a lopsided defeat.

        The NY Times ran an article about the incident, the bickering and the constitutional angle.  Jay Carney answered a question or two about it his daily press briefing.  Otherwise very little was said about it and the rightwingers' rotten little tale persists.  When I hear it from one of them, they get an earfull from me.

        "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

        by leftreborn on Tue Dec 04, 2012 at 11:29:14 AM PST

        [ Parent ]

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