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Obama’s Broken Deficit Promise

February 13, 2012 by staff 

Obama’s Broken Deficit Promise, Even before its official release, President Obama’s proposed budget for fiscal 2013 was being savaged by Republicans as a broken promise on deficit reduction made worse by a series of gimmicks that overstate what budget savings there are.

A one-stop destination for the latest political news – from The Times and other top sources. Plus opinion, polls, campaign data and video. The president officially unveiled the budget document Monday morning in a speech at a Northern Virginia community college, where promoted his blueprint as a short-term boost to the economy and a long-term path to fiscal sustainability.

But Republicans did not wait. Mitt Romney, the Republican presidential hopeful, simultaneously accused Mr. Obama of dodging the tough decisions that must be made on burgeoning entitlement programs like Social Security and Medicare and cutting Medicare benefits.

“This week, President Obama will release a budget that won’t take any meaningful steps toward solving our entitlement crisis,” Mr. Romney said in a statement before the budget proposal was released.

“The president has failed to offer a single serious idea to save Social Security and is the only president in modern history to cut Medicare benefits for seniors,” Mr. Romney added, referring to cuts largely to the private insurance side program, Medicare Advantage, that helped pay for the president’s health care law.

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