Promising Practices Promising PracticesPromising Practices
A forum for government's best ideas and most innovative leaders.

The Obama Budget Simplified

ARCHIVES

If the Paul Ryan budget, in nine words, was:

"Save the rich; Forget the poor; Spare the old"

President Obama's budget, in nine words, is:

"Tax the rich; Spare the poor; Remember the young"

The contours of the president's plan will be familiar to budget nerds, because he's been cooking up different styles of the same dish for months now. And there are two sticking points, which will also be familiar to budget nerds, because they're the same old sticking points: Taxes and entitlements. Obama's plan raises taxes on the richest households by $600 billion -- not by raising rates, but instead reducing the deductions these families can take. Second, his plan adopts a new measure for inflation, which would slowly cut Social Security benefits, and it proposes additional cuts to Medicare.

Most Republicans hate the first part. Most Democrats hate the second part. Will this new budget compel both sides to reconsider? Honestly, who knows. 

The Debate About Right-Now: Obama v. Ryan
Rather than predict the future, let's focus on the present cavernous gap between the Obama and Ryan plans. Over the next ten years, Obama is proposing about $46.5 trillion in spending. Ryan is proposing about $41.5 trillion in spending in that span. That $5 trillion gap, as Ezra Klein points out, is the true Colosseum of these budget fights.

The spending gap comes down to the uninsured, the poor, and the young. The Ryan budget accepts the sequester, repeals Obamacare, cuts federal spending to Medicaid, and cuts deep into "other mandatory spending," a catch-all category comprised of mostly (a) cash assistance to veterans, the jobless, and the poor and (b) retirement programs for vets and federal employees. 

Read more at The Atlantic.

FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.