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View Diary: We have a revenue problem, not a spending problem (67 comments)

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  •  Obama knew it was a revenue problem when ... (1+ / 0-)
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    milton333

    ... he signed the extension to the Bush tax cuts.  

    Yes, I heard his excuse that the Repubicans were holding unemployment compensation hostage.  But, a republican House will always have something to hold hostage, thus providing him with another excuse.  This time is the world economy, which supposedly will collapse on August 3 unless he caves to this round of Tea Party demands.  

    Some say that he needs to "grow a pair" but  IMHO, it's not that he lack courage and/or negotiating skill.  The problem is that he is working a GOP agenda that he announced four days before his inauguration:

    Obama Pledges Reform of Social Security, Medicare Programs

    By Michael D. Shear
    Washington Post Staff Writer
    Friday, January 16, 2009

    President-elect Barack Obama pledged yesterday to shape a new Social Security and Medicare "bargain" with the American people, saying that the nation's long-term economic recovery cannot be attained unless the government finally gets control over its most costly entitlement programs.

    [...]

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