Obama Budget: Dems Still Status Quo Party

While Democrats have spent the last few months trying in vain to engender a public outcry about income inequality, the greatest challenge facing the country remains the same: a long-term budget and debt crisis fueled by the rising cost of entitlements that can’t be fixed with token spending cuts or higher taxes on the rich. But the 2015 budget that President Obama will propose this year will ignore it. Instead of building on the discussions that he has had with Republicans in recent years in which he has at least contemplated a form of entitlement reform, there will be no mention of indexing cost-of-living increases for Social Security recipients or any other measure intended to check the growth of expenditures by the government. Instead, the president is proposing $56 billion more in federal spending on pet projects.

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Obama Budget: Dems Still Status Quo Party

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