What’s wrong with the Democrats when it comes to budget negotiations?

July 7, 2011

On Tuesday I blasted Congressional Republicans for not being gracious winners when it comes to resolving the ongoing budget/deficit/debt ceiling battles.

Today it's the Democrats' turn to catch heat.

Shortly after Obama took office, progressives and the more liberal wing of the Democratic Party have been asking what's the deal? It seems to many that the prez has abdicated their ideals and programs in an effort to play nice with the loyal opposition.

Or, as the Washington Post's Ezra Klein notes in his blog today:

"Democrats control the White House and the Senate, Obama is the most popular national political figure, a balanced approach to deficit reduction outpolls plans made entirely of spending cuts, and yet Democrats are still offering recalcitrant Republicans the deal of the century rather than taking to the ramparts. What's wrong with them?"

That question is put into political perspective via one bar graph displaying the deficit-reduction deals passed by three former presidents and proposed by the current Oval Office resident:

Taxes-vs-spending-cuts_RR-GHWB-BC-BO  Data courtesy Center on Budget and Policy Priorities

Hmmm. So Ronald Reagan, the president idolized by the GOP, the man who made hating government a national political sport, saw significantly more tax increases on his watch than a trio of his successors.

Ain't life and politics funny, and sad, sometimes?

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The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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