President Obama is feeling good about America's prospects. He made that clear last night in remarks to Organizing for Action, the group his reelection campaign transformed into since the last presidential election.
The Republican side of the Senate Budget Committee claims the budget released today by Senate Democrats will raise taxes by $1.5 trillion. Before being released today, it had been reported that the Democrats' budget would raise taxes by $1 trillion, but number appears to have been far enough.
The minority side of the Senate Budget Committee releases this chart to back up its claim:
In the aftermath of Mitt Romney’s defeat in last fall’s election, and the defeat of a myriad of Republican Senate candidates (establishment and Tea Party alike) in Romney’s wake, Republicans are getting no shortage of free advice. The quantity of that advice, however, is more apparent than its quality.
President Obama has often talked about the need to reduce the budget deficit. Before his run for the presidency, Senator Obama was rather harsh in his criticism of George Bush's deficits. And in July 2011, during the debt ceiling crisis, the president even addressed Congressional leaders in a talk the White House titled "President Obama on Deficit Reduction: “If Not Now, When?” During the talk, he said:
Today is a good day for the Democratic National Committee. Duke Energy, which helped bankroll the Democratic convention in Charlotte last year with a $10 million loan, announced it would forgive the Democratic party of its massive debt.
The top Republican in the Senate, Mitch McConnell released a statement this morning saying that "there will be no last-minute, back-room deal and absolutely no agreement to increase taxes." McConnell's statement came out before he, along with other congressional leaders, is scheduled to meet with President Obama at the White House.
Senate minority leader Harry Reid, a Democrat, asks for another tax hike this morning:
"Democrats believe we should replace this harsh austerity with a balanced approach that targets wasteful spending and tax loopholes," said Harry Reid, "and ask the wealthiest among us to contribute a little more to reduce the deficit."
In a memo sent to fellow Republicans, Senator Jeff Sessions of Alabama outlines how he plans to change the terms of the budget debate with Democrats. The memo outlines how the ranking Republican on the Senate Budget Committee plans to bring the fight directly to Democrats.