Jobs crisis, not a deficit crisis

Some will say the plan isn't bold enough. Others will rightfully urge a strong political stance against onerous social spending cuts while we see relatively much smaller reductions in far less worthy Pentagon spending.

Still, a comparison of the President's budget with the Republicans' punitive fiscal policy is worth scrutiny.

First, the President's plan aims to add 100,000 teachers over the next 10 years. Meanwhile House Speaker John Boehner told reporters this week that if the Republican plan cuts jobs, "So be it."

According to media reports, the Republican plan would cut 55,000 teachers, eliminate 200,000 slots for children in Head Start, and erase at least 10,000 instructors and teacher's aide jobs.

Further, the President's proposals would create a trust fund for infrastructure development (from transportation to broadband improvements) that are expected to add 15 million jobs to the economy.

Meanwhile the Republicans seem more obsessed with who's getting an abortion and whether or not it's ok to kill abortion providers (no joke) than in creating a single job.

The President also outlined a plan to eliminate tax loopholes for the richest Americans, reopening the fight over the Bush tax cuts immediately, reinstitute the 2009 estate tax levels, and eliminate the Bush tax cuts altogether by 2012.

The Republicans, meanwhile, whined that only the poor, working-class students, lower-income public employees, and working families should pay for the deficit crisis George W. Bush and his party caused.

Other proposals, such as deeper cuts to military spending (including ending the war in Afghanistan) and a financial transaction tax to rein in Wall Street speculation were not included in the President's plan.

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