President Barack Obama presented his $3.73 trillion budget proposal for fiscal year 2012 yesterday. I had a post in progress highlighting some good ideas from the proposal, like more investments in high-speed rail and clean energy programs, and reducing taxpayer subsidies for the oil and gas industries. There are bad ideas too, such as a pathetically small “cut” of $78 billion for defense spending over 10 years. The word “cut” misleads here because we’re talking about a slightly smaller rate of growth for the defense budget. Our military spending skyrocketed during the last decade and should be reduced substantially if Washington officials are serious about reducing the deficit.
The moral failure of Obama’s budget becomes clear when you look at the $400 billion in cuts he proposes for non-defense discretionary spending (which is half as large a portion of the budget pie as the military). Many of those cuts will hurt the vulnerable: less money for the Low Income Home Energy Assistance Program and some student aid programs, to name a couple of egregious examples. Obama also wants a “bipartisan” conversation about “strengthening” Social Security, and Washington bipartisanship on Social Security is sure to harm working people and future retirees.
Since the Republican-controlled House of Representatives won’t enact the president’s spending plans, the budget document is important mainly as a sign of Obama’s priorities and political calculations going into this year’s negotiations with Congress.
Speaking of political calculations, I was struck by Representative Bruce Braley’s statement on the president’s draft budget document–so much that I shifted gears on this post. Braley’s comments were another sign of a noticeable change in tone since he won a third term in Iowa’s first Congressional district. During the last Congress, Braley’s policy statements often emphasized the importance of public investments. In the past two months, he has he put deficit hawkishness front and center. Several examples are after the jump, along with background putting Braley’s new rhetorical style in political context.
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