Obama to Speak on the Deficit - "Unicorns on Deck" and "When Pigs Fly"

Today in Washington, D.C. - April 13, 2011:
Yesterday, the Senate managed to do little under Senator Harry Reid's leadership.  They voted 96-0 to confirm John Kronstadt to be a district judge in California and confirmed Vincent Briccetti as a district judge in New York by unanimous consent. Just maybe, it’s possible this week for the Senate will return to S. 493, the bill reauthorizing the Small Business Innovation Research and Small Business Technology Transfer programs.   Sen. Reid (D-NV) can't stray too much from the President's "kool aide" thus making him rather encumbered these days.

And speaking about the President, this afternoon, Mr. Obama is set to speak about his plan for addressing our nation’s debt crisis. Erick Erickson at Redstate, responded to this planned speech: "The President Will Offer Unicorns . . . But now Obama wants to demagogue the rich and demand scrapping the Bush tax cuts. What he is doing is not offering up a real plan — a plan that can be agreed to on Capitol Hill. He’s offering instead more class warfare. . . . And he will embrace plans made under compromise in Washington that leave Washington in charge. In fact, the compromises Obama will embrace are the same types of compromises that have gotten us to the verge of bankruptcy."

Rasmussen Reports has found that "65% Say Significant Long-Term Spending Cuts Unlikely Before 2012 Elections. President Obama is expected to lay out his long-term deficit-cutting plan in a speech to the nation tonight, but most voters feel the president and Republicans in Congress are unlikely to agree on major spending cuts before next year's elections."

However, there are important questions about the president’s approach. Will he acknowledge that something significant must be done about the debt when he asks Congress to raise the debt ceiling, as some Democrats are now saying? And is his plan going to be focused on raising taxes instead of reining in out-of-control Washington spending?

According to Politico, “Internal divisions are surfacing in the Senate Democratic Caucus over how to deal with what could be the most politically treacherous vote this Congress: raising the $14.3 trillion national debt ceiling. A number of Senate Democrats are wary of the White House's call to keep the debt-limit vote free of conditions, including those worried that the vote will be a political albatross in their 2012 election bids, particularly as Republicans plot their strategy, which could force multiple tough votes.”

Sen. Joe Lieberman (I-CT) told The Washington Post, “It’s not just Republicans. A lot of Democrats, including myself, are not going to vote to raise the national debt ceiling unless there is something concrete, real, tough done to guarantee that the debt itself will be reduced in the coming years.” And Politico reports, “‘Now it’s time to have that vote tied in with getting some progress on the long-term debt for the country,’ said Sen. Amy Klobuchar (D-Minn.), who initially held out her vote in 2010 to increase the debt ceiling until Obama agreed to create a bipartisan fiscal commission. Sen. Joe Manchin (D-W.Va.), who faces voters next year, has raised similar concerns. And a number of others who have voted in 2010 for a debt ceiling hike – including Sens. Tom Carper (D-Del.), Debbie Stabenow (D-Mich.), Frank Lautenberg (D-N.J.), and Ben Nelson (D-Neb.) – declined to directly say Tuesday if they’ll back the White House on a clean vote this time around.”

As The Washington Post notes, many lawmakers “said they could not in good conscience authorize more borrowing unless Obama agreed to cap federal spending, adopt triggers to force rewrites of the tax code and entitlement programs, or accept some other binding mechanism for bringing the debt under control. ‘We’re going to require as a condition for raising the debt ceiling something really important,’ Senate Minority Leader Mitch McConnell (R-Ky.) told reporters. ‘That means no window dressing, no blue smoke and mirrors — something real, something measurable that clearly will begin to reduce our debt.’”

Will President Obama acknowledge this growing chorus from Congress in his speech, and propose something serious on connection with the debt ceiling?  Come on stop laughing this is serious stuff. I admit that I am not watching the teleprompter speech. Will catch it on the rebound.

Meanwhile, even the liberal reporting CNN reports, “President Barack Obama enters politically tricky territory Wednesday when he outlines his plan for reducing long-term deficits and the national debt amid a climate of tense budget negotiations. A senior administration official confirmed the president will renew his call to end the Bush-era tax cuts for families making more than $250,000 annually -- a move that Republicans fiercely oppose.”

CNN notes, “[Senate Majority Leader Harry] Reid also said additional revenue must be part of any long-range fiscal solution. He didn't give specifics, but Democrats generally favor increasing the tax rate for families earning more than $250,000 -- an idea Obama now officially endorses once again. However, Senate Minority Leader Mitch McConnell, R-Kentucky, told reporters that ‘taxes are not on the table because we don't have a revenue problem, we have a spending problem.’”

GOP Senate Leader McConnell nailed it today, “The fiscal crisis we face won’t be solved by ‘freezing’ unsustainable government spending, or by raising taxes on the very small businesses we are counting on to create jobs. And the programs we cherish as Americans won’t be preserved for the next generation through speeches alone. Americans don’t want to hear the President’s vision today — he’s had two years to lay that out. They want to hear his plan. Americans don’t want to hear the President criticize or distort the serious efforts of those in our party who want to solve our problems head on. They want to hear a detailed counter-proposal of his own. . . . Now is not a time for mere speeches or political attacks. It’s a time for action. That’s what Americans want from this President. That’s what they’re failing to get. I hope that changes today.”

So, I will review the words of the speech verses the antics of the of the person reading the teleprompter and let you know what I think later.  For the moment, I tend to agree with Erickson advanced opinion that with President Obama we will have "Unicorns on Deck." I may be surprised to learn that we have a new transformed grown-up president today in the White House - I know, "When Pigs Fly."

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