Home » Opinion » Editorials
Validated math? White House gets message wrong
A week after the election and President Obama is already back in "I won" mode.
During initial negotiations over the fiscal cliff earlier this year, the President asked for $800 billion in tax increases, got an agreement from House Speaker John Boehner on that, then blew up the deal by increasing that figure to $1.2 trillion. He now insists on $1.6 trillion in tax hikes.
Jay Carney, White House spokesman, was quoted by an NBC News reporter as saying of the election, "We've earned some credibility ...that we know our arithmetic."
Would that be the arithmetic of the President's 2013 budget, which would raise the national debt from $16 trillion this year to $25 trillion in 2022? Or would it be The New York Times' arithmetic, which showed earlier this year that letting the Bush tax rates on "the rich" expire would bring enough revenue to cover only 13 percent of Obama's projected federal deficit in 2015 and only 9 percent by 2030?
The election was hardly a validation of Obama's budget math. It was a mandate for compromise. As expected, that spirit is woefully lacking from the White House, at least so far.
READER COMMENTS: 0
- Nashua South grads told to embrace lessons from challenges - 0
- Milford High student speaker: 'We will continue to build on the echoes of the past' - 0
- Student remembered by Pelham High's Class of 2013 - 0
- School fellowship key as 220 Pembroke grads receive diplomas - 0
- Central grads told to work hard and enjoy rewards - 0
- Don't miss out, Memorial grads told - 0
- Advice to West grads: Be passionate - 2
- Emotions run high for Campbell graduates - 0
- Souhegan graduates, faculty celebrate - 0
READER COMMENTS: 0
- Driver rescued after Franklin crash, 50-foot plunge - 0
- Storms knock out power to about 3,600 PSNH customers - 0
- Nashua couple's deaths called suspicious - 0
- American Medical Response back in good graces of key Manchester officials - 0
- Lebanon’s Colette Schmidt captures N.E. girls’ golf tourney crown - 0
- Sixteen make cut at State Am qualifying - 0
- Granite Stater Matt Bonner in position for another NBA title - 0
- Clippers, Celtics resume talks on Doc, Garnett deal - 0
- Hampton man indicted for distributing child porn - 0
Epping man’s hope for working van realized
Mother of drowned baby gets prison time
Nashua couple's deaths called suspicious
Traffic stops in spotlight
One era ends, another begins at Union Leader
A Medicaid reduction? That is not likely
Study recommends Millyard parking garage