yota5
VIP Member
"President Obamas speech really brought home how confused and disoriented liberalism is today, and how very difficult it will be for the Left to accept that the social-democratic welfare state is collapsing and something else must take its place. Yet the very fact that he felt compelled to make such a speech does offer some hope.
As recently as February, in his budget, Obama essentially denied that we had a fiscal crisis. Today, he admitted it and described it, or at least parts of it. It is certainly unorthodox for a president to renounce his own budget two months after proposing it, but that is just what the president didimplicitly dismissing even the goals set out by his budget in its own terms (let alone its potential to achieve them, as measured by the Congressional Budget Office) as totally inadequate. In that sense, the only immediate practical implication of the speech is that it throws the 2012 budget process into disarray. Are the cabinet agencies supposed to be defending the presidents now-repudiated formal budget request before congressional committees in the coming months, or does the administration now expect Congress to ignore its budget? If so, will the administration be offering some particular alternative requests, with details that (unlike this speech) can be scored by CBO?"
The President
As recently as February, in his budget, Obama essentially denied that we had a fiscal crisis. Today, he admitted it and described it, or at least parts of it. It is certainly unorthodox for a president to renounce his own budget two months after proposing it, but that is just what the president didimplicitly dismissing even the goals set out by his budget in its own terms (let alone its potential to achieve them, as measured by the Congressional Budget Office) as totally inadequate. In that sense, the only immediate practical implication of the speech is that it throws the 2012 budget process into disarray. Are the cabinet agencies supposed to be defending the presidents now-repudiated formal budget request before congressional committees in the coming months, or does the administration now expect Congress to ignore its budget? If so, will the administration be offering some particular alternative requests, with details that (unlike this speech) can be scored by CBO?"
The President