As Obama Unveils His Budget, Rift With GOP On Entitlement Spending Remains
Republicans want a program that drives down federal spending on food stamps, health programs and other safety-net costs, but Democrats argue that the health law is pushing health costs down.
The Associated Press:
Obama Sending $4 Trillion Spending Plan To Congress
Even before the massive budget books landed on lawmakers’ desks, Republicans were on the attack, accusing the president of seeking to revert to tax-and-spend policies that will harm the economy while failing to do anything about the budget’s biggest problem — soaring spending on government benefit programs. Obama’s fiscal blueprint, for the budget year that begins Oct. 1, proposes spending $4 trillion — $3.99 trillion before rounding — and projects revenues of $3.53 trillion. (Crutsinger, 2/2)
The New York Times:
Obama’s Plans For Deficit And Taxes Are Detailed On Eve Of Budget Proposal
President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt. ... Republicans will put forward ideas for controlling the main drivers of the deficit — Social Security and health care programs that are expanding with an aging population — and will propose a budget that does balance. But, [Rep. Paul] Ryan indicated, they are not likely to force a showdown on entitlements. (Weisman, 2/1)
The Washington Post:
Obama Budget Would Fund Public Works Program With Tax On Overseas Profits
The administration said it “achieves these goals by replacing mindless austerity with smart reforms, paying for all new investments” and seeking new savings. That isn’t likely to appease Republicans, however, who are expected to quickly dismiss Obama’s budget request and start drafting their own blueprint that would seek to eliminate deficits entirely over the next 10 years and tackle the biggest drivers of government spending: Social Security and federal health programs. (Mufson and O'Keefe, 2/2)
Los Angeles Times:
Obama Budget Seeks To Boost Middle Class, Close Gap On Income Inequality
The Republican preference is for continued austerity and lower taxes, which will probably be reflected in their own budget plans expected next month. To boost Pentagon spending as defense hawks want, their budgets are expected to slash more deeply into food stamps, healthcare and other safety-net programs. Rep. Tom Price (R-Ga.), the House Budget Committee chairman, promised Sunday on Fox News that a Republican budget would re-imagine Medicare, Medicaid and Social Security, and “will do what the American people have to do with their homes and in their businesses every single day — and that’s not spend more money than what comes in.” (Mascaro and Hennessey, 2/2)
Politico Pro:
White House Sees Savings From Health Care Entitlements
The White House promised to reap savings from health care entitlements and to “support” the Affordable Care Act in a summary of the president’s budget put out before the release of the full document Monday morning. (Kenen, 2/2)
Modern Healthcare:
Obama's Budget Seeks New Spending To Combat Diseases, Antibiotic Resistant Bacteria
The proposal will include new healthcare initiatives aimed at combating diseases, fighting antibiotic-resistant bacteria and overhauling the payment system for Medicare. The president wants to reverse cuts that were part of the sequestration deal hatched with Republicans and that have defined an era of fiscal austerity in Washington. Obama is expected to propose increasing annual spending by roughly $70 billion, or 7 percent, over the current fiscal year. (Demko, 1/30)
