October 31, 2014

U.S. Budget Experts Say Obama Has Chance To Break Budget Impasse

March 25, 2013
Market News International (MNI)

Excerpt

"The President has put himself in an awkward position by being the last to introduce a budget," said Bob Bixby, executive director of the Concord Coalition.

"I still am not sure why he's waited this long to do so. On the one hand, it provides him with the opportunity to step forward with a compromise proposal that bridges what the House Republicans and Senate Democrats have passed. But the president has not laid the groundwork for a budget this year that goes in a direction that is much different from what he has been talking about for several years," Bixby said.

Bixby said the most likely scenario is that Obama will introduce a "placeholder budget" that reprises old proposals with new numbers. But he said that Obama might also offer a specific proposal such as the implementation of the chained consumer price index to show his commitment to entitlement reform.

"I doubt very much that Obama would offer a detailed series of entitlement proposals in the context of this coming budget. From his perspective this would be negotiating against himself and would give Republicans an opening to pocket his concessions without giving up anything themselves," Bixby said.