I present for you digby's reaction
to Obama's proposed budget:
The main problem with all this, of course, is that he willingly signed a tax cut extension for the wealthiest people on the planet just two months ago even as they are making money hand over fist as it is, so any talk about "shared sacrifice" rings just a little bit hollow now. If he wants to be honest about this and admit that he's catering to spoiled plutocrats and Wall Street Demi-Gods because he truly believes that he needs to sacrifice ordinary Americans on the alter of their egos, that's one thing. But blowing smoke about how this hurts him just as much as the college kid who has to drop out in a terrible labor market --- but he's willing to make the sacrifice and so should we --- well, it is too cynically cheap for words.
It is pretty sick that even the Democratic budget proposals involve requiring so much sacrifice from people who haven't gotten a good deal recently. And of course social services are not where the big money is anyway: defense and health care spending are the big drivers of the deficit, but their political defenders are more powerful. And getting any revenue increases through seems to have fallen off the realm of possibility.