jmog;1426680 wrote:No offense, but he already got his tax increases and promised cuts from those. Those cuts have not happened so why should the other side give into more tax increases to get the same cuts that Obama already agreed to?
Obama, in his quest to appease the centrist deficit hawks has argued for a balanced approach...generally the idea that spending cuts planned over a decade should be roughly equal to revenue planned over a decade. He was re-elected on that argument.
Thus far, he has signed $1.5 trillion in planned spending cuts over a decade and has signed $630 billion in new revenue planned over a decade. The planned Revenue Increases and Planned Programmatic Spending Cuts in the 2011 Budget Control Act have both gone into affect. You could just as easily say, "The GOP has already gotten spending cuts" especially considering that the ratio of budgeted spending cuts to budgeted revenue is currently about 3 to 1.
Add in the fact that the "Revenue" he's seeking now by and large is often called "Spending in the Tax Code" by conservative economists like Martin Feldstein you might even say he's really just going after a disguised form of spending any way. So he's going after spending in the tax code, proposing medicare cuts and a chained CPI for social security.
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