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Naked Capitalism's Yves Smith is right calling the "budget battle" a scheme to "squeez(e) the middle class dry, and those who pretend otherwise are simply insulting the intelligence of their audience."
More on Obama's budget below.
The White House blog turned truth on its head. It said it offers "a fiscally-responsible blueprint for middle-class jobs and growth."
It "replaces the across-the-board spending cuts".with smarter ones, making long-term reforms, eliminating actual waste and programs that are no longer needed."It "grow(s) the economy and strengthen(s) the middle class."
A New York Times editorial headlined "The President's Budget," saying:
He proposed "a host of good ideas." He wants spending cut "by about $1.2 trillion over a decade." He showed Republicans he's willing to "compromise." He put them "on the spot to do the same. Naturally (they) refused."
Washington Post editors headlined "Obama's 2014 budget is an offer to negotiate," saying:
It "represents the best hope for (a) bipartisan deficit-reduction deal before".statutory borrowing limit(s arrive) late summer."He "offered a plausible, responsible road map".Republicans should respond in kind."
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