Our fearless leader will be speaking to us little people tonight about the monstrous debt and what he’sdoing to fix it. I think reality hit him last November when the Tea Party pulled out the coup of the century and helped take back Congress on a “less government, less spending” platform. Obama knows that he’s got to do something about this out-of-control debt our country faces but he doesn’t want to cut too many of his favorite entitlement programs or government agencies. He’s kind of between a rock and a hard place….after all….he’s in 2012 campaign mode now.
Here’s a viewer’s guide to tonight’s speech…
Details, details, details: The biggest unknown going into the speech is how specific — if at all — the president will be about his plans to reduce the deficit. The devil is, quite literally, in the details in these sorts of major proposals — as evidenced by how Ryan’s entire budget was reduced to his proposal to end Medicare as we know it. Obama’s tendency is to avoid talking in too much detail, and early indications suggest he will not outline in a whole lot of detail what he wants to see in the 2012 budget. Expect Republicans to pounce if the speech doesn’t lay out — line by line — how Obama would accomplish debt reduction.
* Tax talk: One thing that everyone watching the speech will be waiting for is whether Obama embraces — whether directly or indirectly — the idea of raising taxes on some portion of the population in order to help close the budget gap. Republicans are already staking out ground in opposition to tax increases; “If the President begins the discussion by saying we must increase taxes on the American people — as his budget does — my response will be clear: tax increases are unacceptable and are a non-starter,” said House Speaker John Boehner (R-Ohio) in a statement released Tuesday evening. Knowing that, if Obama does take on the tax issue — perhaps by calling for an end to the Bush tax cuts for those making over $250,000 — it is rightly read as a sign that he is willing to take the political fight to the GOP. And if it happens, expect tax talk to dominate the post-speech analysis
What do you guys think?
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