Progressive budget proposal v Ryan v Obama

progressive budgetCraig Cheslog raises a good question at the Lamorinda Democratic Club web site, “What about the Progressive Budget?” Indeed. Authored by the Congressional Progressive Caucus, this document (see below) purportedly expresses the “values and priorities of working families in this country.” Arguments ensue, of course. But, when you look at the “deficit reduction” claims it makes, in comparison to those proposed by the President and Republican Paul Ryan, it becomes clear Obama’s budget does nothing to cut U.S. debt.

The Progressive Budget on page 6 compares its debt reduction trend, as percentage of GDP reduction to the Ryan and Obama.

In comparison, see much the same conclusion of the debt-reduction chops of Ryan v Obama from just one free market economic analyst Mish Shedlock.

Sure, partisans will argue all day about the dangers of crippling national defense in favor of propping up a failing limited welfare state, or charges of killing grandma by giving tax breaks to the filty, ill-gotten rich. But whether or not the Progressive or Ryan budget has faulty assumptions or unreal expectations aside, both clearly pan the President’s leadership when it comes to deficit reduction.

Such is the leadership the White House has wrought.

The Progressive Peoples’ Budget 2012

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Comments

  1. Michael Toth says

    It is clear that Obama ducked the entitlement issues when proposing his original budget and proposed only marginal cuts to Defense, with the promise of greater reductions to come with the wind down of the operation in Afghanistan. I believe that he admitted doing so at the time, while waiting to see whether Congress had the inclination to tackle the issue in earnest. I would expect him to await the proposals under consideration by the Senate’s “Gang of Six” and then to position himself somewhere between their approach and that of his own Deficit Commission. It is no doubt that both progressives and conservatives will be unhappy with him, given that he will undoubtedly seek a middle ground position which balances tax hikes with spending cuts.