From the WSJ:President Barack Obama’s budget proposal Monday will offer several measures to trim the federal deficit in the next 10 years. But it would leave largely unchanged the biggest drivers of future government spending: the Medicare, Medicaid and Social Security programs that are expanding rapidly as the baby boom turns into a senior boom.
Senator Marco Rubio saw this coming.As he said yesterday in his CPAC speech:
So, where is the President’s plan to save Medicare? Let me show it to you. Here it is. [Holds up blank sheet of paper.] He doesn’t have one. It is a blank piece of paper. This is his plan when it comes to Medicare. His plan is wait for a Republican like Paul Ryan to offer a plan and then attack him. He hasn’t been in office three or four weeks. He’s been in office a little bit over three years. Two of those years, his party controlled both houses of Congress. And he’s dealt with none of these issues I’ve just outlined.
And it now looks like President Obama will end his term with a whole stack of blank sheets of paper... And why hasn’t Obama outlined some long-term plan since a coming debt deluge will make a “built to last” economy impossible to achieve otherwise?
Pethokoukis is more forgiving than I am. He concludes that President Obama will simply propose more tax increases on the middle class (because the rich simply can't be taxed enough to make up for this monstrous shortfall).
Obama won’t tell you that he wants to raise taxes on all Americans. I just did.
I disagree.
President Obama, in my estimation, is trying to "fundamentally transform" this country (his words) into some Statist Utopia. And to do so, it will require a complete economic collapse. Which is precisely where we're headed if we don't remove this disaster from office in November.
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