Obama is calling for $4 trillion in cuts to government programs other than military, which will be increased. This will send a huge wrecking ball to the US government at all levels other than the military.
This is exactly what the Republican Party wants because they hate government at all levels other than military. We really are dealing with a 3rd world rightwing party or a Libertarian Party there. They want to reduce the government at all levels down to an absolute minimum. Obama thinks that wrecking the government like this is just awesome. He chided the Republicans for only cutting $2 trillion out of the government in their offer. He demanded $4 trillion in cuts. “I’m a bigger Republican than you are!” Obama screamed.
There really are no tax increases in the plan to my knowledge. All there is is $4 trillion in cuts and a promise to look into reforming the tax code later. Earlier, the Republicans agreed to some tax increases, but only on the poor and working people – regressive taxes. Obama cheered for huge tax hikes on the poor and the workers. “It’s the Republican way!” Obama screamed.
Even the Republicans were too afraid to put Social Security cuts on the table. Obama was outraged. “How dare you not cut Social Security!” he screamed at the Republicans. The plan to axe Social Security, now part of negotiations on both sides, actually came from Obama, not the Republicans. Can you believe that?
But it makes sense because Obama has always hated Social Security and has always wanted to slash it. I believe he even mentioned that in his campaign. Gutting Social Security is not a political move on Obama’s part – it’s part of his basic political ideology, which is that he’s a Reaganite.
Obama is now offering hundreds of billions in cuts to Medicare. “I love it! Kill grandma!” Obama screamed. This is outrageous. But once again, this is part of Obama’s basic Reaganite ideology. During his Presidency, Obama has consistently stated his desire to trash Medicare.
This goes back to his roots as a New Democrat and a member of DNC. I have read the DNC’s policy papers. Apparently the DNC is committed to “reform” of Medicaid, Medicare and Social Security. It’s hard to say exactly what those reforms are, but it looks like they want to get rid of them and replace with via privatization.
Hillary and Bill Clinton come from this same DNC philosophy. Bill Clinton tried to cut a deal with his best friend Newt Gingrich to cut Social Security, but it all fell apart with the Monica Lewinsky mess. Hillary has also stated that she wants to gut Social Security.
The deal Obama wants also includes massive cuts to Medicaid. Obama is one program Obama really hates, because he can’t stop talking about how much he wants to cut it. The problem here is that ObamaCare relies heavily on Medicaid to cover many of the uninsured under his program. These huge cuts to Medicaid under this deal will be a death knell for his very own ObamaCare.
Further, $4 trillion in cuts will deal a death blow to the economy. It’s hard to say how bad it will be, but it will definitely hurt the economy. It may cause a double dip recession, lengthen the recession or cause an actual depression. It is difficult to quantify the actual damage, but there will be damage. It will reduce economic growth, contract the economy, reduce jobs and increase unemployment.
The Republicans don’t believe this because they believe that massive cuts in government spending during an economic downturn actually benefits the economy. They claim that the downturn was caused by too much government spending. Cutting government spending will “restore confidence in the private sector” and boost the economy. It’s madness.
Obama is wrecking his own economy with this deal. He’s on a suicide mission.