On Wednesday, President Obama will present his debt reduction plan to a university audience.
According to The New York Times, the President will urge Republican lawmakers to join him in finding ways “to raise revenues and reduce the growth of popular entitlement programs.” However, the administration’s proposal will likely differ dramatically from the one House Republicans proposed last week. That plan focused on shrinking Medicare and Medicaid, but largely spared defense spending.
President Obama’s plan “would include tax increases for the richest taxpayers, cuts to military spending, savings in Medicare and Medicaid, and unspecified changes to Social Security.”
Like many of President Obama’s policy initiatives, the speech will likely sound reasonable and pragmatic, but vague. However, actual administration policy will likely uphold traditional Democratic entitlement programs, while pushing for tax increases on the “wealthy.”
Several weeks ago, the President used a similar bait and switch on his energy policy. What sounded in his speech like a reasonable bipartisan effort to increase domestic drilling and develop alternative technologies turned out in the more detailed policy document to be the same old Obama plan dressed in new clothing (See my article on Breitbart’s Big Peace site for more details).
That said, the American people should listen to the President’s speech with open minds. However, they should also scrutinize his more detailed policy proposal after that speech.
I suspect the speech will be inconsistent with the more detailed policy document. I hope I am wrong.