For the first time since the 2011 Budget Control Act put in place a series of automatic spending cuts, Obama might be in the best bargaining position to move the debate his way. [...] that's with Republicans in charge of Congress. Obama on Thursday called for a 7 percent boost in government spending that would nullify those 2011 so-called sequestration cuts and increase domestic and defense spending by a total of $74 billion in nearly equal amounts. Amid the current wish lists for more child care, free community college, and bigger ship and submarine fleets, little is said about an aging population, a growing national debt and the demands on the government created by greater health care access. Republicans and Democrats have been doing the equivalent of whistling past the graveyard on the long-term deficit ever since Obama and House Speaker John Boehner failed to reach a historic deal four years ago. [...] the budget cutting has focused on the easier stuff. [...] the deficit dropped thanks to a tax increase on the rich, an improving economy and the domestic and defense spending cuts agreed to in the Budget Control Act of 2011.
Comment on What red ink? As deficits dip, all sides seek more spending
By JIM KUHNHENN, Associated Press, San Francisco Chronicle: Politics
Fri, 01/30/2015 - 1:55am
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