The President repeats that both parties must abandon their sacred cows in budget negotiations. Republicans, he argues, will have to agree to tax increases as part of a deficit reduction package. Republicans are being characterized as intransigent and extreme for refusing to do so.

What, then, should we conclude about the President’s unwillingness to consider reductions to the trillion dollars of health spending increases enacted in last year’s health laws?

I understand that in the Biden-led negotiations, Leader Cantor suggested cutting this new spending. The VP and Congressional Democrats said no, as did Leader Cantor and Senator Kyl when Democrats proposed tax increases. I also understand the White House refused to consider any cuts to this trillion dollars of new spending. The White House may agree to a few billion dollars of tweaks to some of the marginal programs created in those laws, but the President has ruled out any changes to the core new entitlement spending.

Continue reading →