“Is President Obama overplaying sequestration hand?” Carrie Budoff Brown and Jake Sherman write in POLITICO, “President Barack Obama’s greatest adversary in the latest budget battle isn’t the Republican leadership in Congress — it’s his confidence in his own ability to force a win.
It seems that Simpson and Bowles have moved in the Republicans’ direction big time. Their plan emphasizes the pressing need to contain the debt and makes it clear that spending cuts are necessary to do so
"Obama pushes $50 billion stimulus plan as automatic budget cuts loom" The Washington Examiner reports, "The White House on Wednesday pushed for tens of billions of dollars in stimulus funding for decaying roads and bridges, a request dismissed by Republicans as not serious amid the broader debate over spending cuts in Washington
Y2K, the Mayan apocalypse …both are overblown doomsday scenarios that never quite panned out. Sequestration is just weeks away, and Washington has reverted to painting Americans a picture of the crisis that awaits them on the other side. The White House is making the case that the economic impact will spell disaster. However, if a three percent cut from the federal budget is all that stands between our economy and catastrophe, why won’t Washington offset the cuts and sidestep this crisis?
"Simpson: Obama Headed For 'Failed Presidency' Without Entitlement Reforms"The U.S. News and World Report writes, "President Barack Obama's presidential legacy hinges on whether he can significantly reform entitlement spending, says former Republican Sen. Alan Simpson of Wyoming, Obama will have a 'failed presidency' if he doesn't take on his own party when it comes to Social Security and Medicare reform.
Next Stop, Greece In a special report on America's debt crisis, Barron's writes, "In his State of the Union speech last Tuesday, President Obama concluded that "the State of our Union is stronger." The big question is: stronger than what? Federal debt is a record $12.2 trillion, or 76% of the nation's annual output of goods and services. While that's still well below Greece's 153%, we're headed steadily in the wrong direction.
"Pelosi: Congressional pay cut undermines dignity of the job" According to The Hill, "House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that she opposes a cut in congressional pay because it would diminish the dignity of lawmakers' jobs. … The comments were made in the context of the looming sequester, which would force across-the-board cuts affecting most federal offices, including Congress.
When the White House (Secret Service Code: "Olympus") is captured by a terrorist mastermind and the President is kidnapped, disgraced former Presidential guard Mike Banning finds himself trapped within the building. As our national security team scrambles to respond, they are forced to rely on Banning¹s inside knowledge to help retake the White House, save the President, and avert an even bigger disaster. In Theaters 3/22.