President Obama will release a budget next week that proposes significant cuts to Medicare and Social Security and fewer tax hikes than in the past, a conciliatory approach that he hopes will convince Republicans to sign onto a grand bargain that would curb government borrowing and replace deep spending cuts that took effect March 1. ...WaPo
It's not good news, but it's not a complete cave.
“The president has made clear that he is willing to compromise and do tough things to reduce the deficit,” a senior administration official said, “but only in the context of a package like this one that has balance and includes revenues from the wealthiest Americans and that is designed to promote economic growth.” ...WaPo
The worst of this, perhaps, is the sight of the President giving in to the rightwing shriek that the deficit is too big. Deficit-itis is a neurosis of the tea party and their poltical kin, not a crippling disease.
Overall, the budget request reflects Obama’s stark shift in strategy over the last month, as he has adopted a far more congenial posture toward the opposition. He has begun a charm offensive reaching out to rank-and-file House and Senate Republicans, dining and speaking privately with them in hopes they will take seriously his offer to overhaul entitlement programs in exchange for increasing tax revenues. Obama is set to have dinner with a group of Republicans on Wednesday night, just hours after his budget is released. ...WaPo