Craig 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.
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.