Obama's Neoliberal Budget
by Stephen Lendman
Obama wants social America destroyed.
Main Street America's in protracted Depression. Conditions go from bad to worse. More than ever, vital stimulus is needed. Lots of it.
Obama's solution is force-fed austerity. In term one, he prioritized it. His FY 2014 budget offers more of the same.
He's waging financial war on ordinary people. He's targeting middle America, those most disadvantaged, seniors, and others approaching retirement.
He's beholden solely to bankers, war profiteers, other corporate favorites, and America's super-rich. He's harming others so they benefit.
His agenda reflects the worst of neoliberal harshness. It imposes misery. It makes conditions for growing millions intolerable. It's economically destructive. It shows what most people face.
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."- Advertisement -
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."