...but the socialism is only for the rich:
Obama's new budget puts forward a plan to achieve $1.1 trillion in deficit reductions over the next decade, according to an administration official who spoke to the Associated Press on condition of anonymity in advance of the formal release of the budget.This is only two years after the public bailed out the banks and elected a president who promised to defend its interests. The rich wanted a bailout; the rich did not want Obama. The current appearance of this bailout and presidency is certainly complicated, but there is in this complex and related political and economic developments an essence that's as transparent as an egg made of glass. Indeed, all of these heated pressures and processes result in this simple essence and nothing else. And so smashing the essence is not the solution. Not smashing but moving something like Meister Eckhart's grund is what would make the difference.
Those reductions — averaging just over $100 billion each year — are achieved mainly by squeezing social programs. A deal struck to extend the Bush tax cuts for just two years, meanwhile, increased the deficit by $858 billion dollars. More than $500 billion of that bargain constituted tax cuts, with billions more funding business tax breaks and a reduction in the estate tax. Roughly $56 billion went to reauthorize emergency unemployment benefits.