Paul Mirengoff: Obama to Republicans: my offer is this, nothing
Even Times reporter Jonathan Weisman seemed taken aback by the White House’s position. He described the offer as “loaded with Democratic priorities and short on detailed spending cuts.” As far as I can tell, however, there are no detailed spending cuts. Obama did propose some upfront cuts in programs like farm price supports but, according to Weisman, did not specify an amount or any details.
The decision to present this absurdly one-sided proposal comes straight from the Obama playbook. Recall that the president has presented budgets so ridiculous that they could not garner even one Democratic vote in Congress. Republicans then presented detailed budgets that, unlike the president’s, actually address the debt crisis. Obama responding by demagoguing the Republican cuts.
Republicans shouldn’t play this game again. They should tell the White House to eliminate the stimulus spending and the proposal to end Congressional control over statutory borrowing limits, and to propose detailed and significant spending cuts. If the White House declines to do so, Republicans should walk away.
Krauthammer: Geithner Proposal ‘Insulting’
With this proposal we have a fiscal cliff either way. Progressives will gloat about a tax hike on the “rich” but that good feeling will last about a month or two.