Maybe the sequester has brought positive changes to the government, today at a press conference he called in order to bash the GOP about the sequester President Obama said “I am not a dictator” something that should make most American’s breathe a bit easier. He also indicated that he couldn’t do the Jedi mind-meld (I think he meant the Jedi mind-trick as it’s the Vulcans famous for the mind-meld).
The plan Obama is pushing to replace the sequester will result in over $1 trillion in new taxes and only $600 billion in cuts. Well it’s not really a plan… according to Investors Business Daily
There are no details, for example, about the $200 billion in cuts to defense and domestic discretionary programs, other than that Obama wants them split evenly.
And while he offers $400 billion in “health savings,” 30% are lumped in a bucket labeled “other.”
Worse, Obama’s “balanced” plan actually counts hundreds of billions of new revenues from taxes, fees and rebates as “spending reductions.” Examples:
- His plan to “strengthen” unemployment insurance is labeled as a cut, but it’s really a $50 billion tax hike.
- The $35 billion from the federal worker retirement programs involves boosting worker contributions.
- Most of the $35 billion in Medicare savings comes from charging wealthy seniors more.
- The $140 billion in “reduced payments to drug companies” are in fact rebates Obama wants drugmakers to pay Uncle Sam for selling drugs to poor seniors.
Viewed correctly, it turns out that more than $300 billion — about a third — of Obama’s proposed “spending cuts” are actually revenue increases.
As a result, instead of $1.2 trillion in spending cuts called for by the sequester over the next decade, Obama would add more than $1 trillion in revenues, while cutting outlays only about $600 billion. And much of those aren’t real cuts, but tiny reductions in projected spending growth over the next decade.
I would say that the President is lying but as he is bending the truth about the spending cuts he may be also fudging the “no Jedi” tricks thing and I really don’t want to get the Bob Woodward treatment–or worse.