Epiphany. A moment of sudden revelation or insight. Today, as President Obama rolls out his budget – I may be having one of these sudden insights. I do not want to have it. I am pushing back with half my brain. Half is not sufficient.
The question before me – is in fact the same question much of the world is encountering. Greece. Riots in the streets continue as the government moves forward with its austerity movement. Promises made. Promises not kept. The UK has experienced similar uprisings. I am a creature of the Left. I did not wake up one morning and decide to lean Left. One accumulates points of view over a few years; coupled with a natural bent towards one view or another. I want to be “for” things rather than “against”. Even now, all I see coming from the Right is opposition. That is a turn off for me.
Accounting. Other than something one (like me) did or does for a living – it is a day of reckoning. The budget is still one hour from seeing daylight – but as usual, the media seems to have most of it. Are we indeed going to kick the can just a bit further down the road? Am I (and perhaps you) not being selfish in believing again that it is OK to kick that can? It’s good for us. Our Social Security, our pensions, our Medicare and Medicaid will be safe.
After hearing the outline of what President Obama has in mind – I turned off the TV and sat in silence. Contemplating. Good for me – but what of my son and his children? We are about to enter into another of those long debates featuring the Left vs. the Right. Part of the budget proposal will be to let the Bush tax cuts expire and raise the rate on the super rich. The President is reported to have said, “Now is not the time for austerity”. As desperately as I want to climb aboard yet another ship leaving the Port of Washington – there is that word again. Epiphany.
In my case, I just may have been jolted into having one. I find myself saying “now just may be the time to go after entitlements. Bring them back to Earth. It would hurt folks. Folks who have already been severely hurt. It would hurt ME. Somewhere, sometime, there is going to be hurt. Looking clinically at the situation with the deficit and the politics of reality – I doubt Washington has the guts to fix anything now – and will not have the guts as far out as I can see.
Social Security, despite some observations to the contrary, is in decent shape for about 30 years. It works as Rachel Maddow says. Do we really want to cut the revenue which actually pays the benefits? Even the Tea Baggers say “Do not touch MY Social Security”. And so it goes. Everyone wants to get the deficit to around 3% of GDP – so long as it is the other guy who pays for it.
President Obama. I have worked so hard to elect and support him. I believe deeply that given the circumstances – this has been a highly successful first term. There is so much more work to be done. A second term is needed, and I will be out there working my tail off again. But here is where the rubber meets the road. Take on cuts to Medicare and Medicaid – and reelection will become impossible. The Progressives will dump the President in a heartbeat. We get to have President Romney or President Santorum. The very thought is repulsive. How do we win in 2012? First, we must leave entitlements once again for the next person. We must regain all our strength with the base. Attract the independents. It is the only way. But in may be wrong.
Is it time for we Progressives to be martyrs? Tackle everything in an out effort to do the right thing? Be defeated? The immediate result would be Barack Obama leaves the White House. But I will bet $10,000 of Mitt’s money, history would judge President Barack Obama as one of the greats.
I want this damn epiphany to disappear. ( I seem to like the word ) Let me get on with preaching from the Left. With a day or so to think – I believe I can put it back where it came from. That I will go about saying “don’t worry too much about the deficit – it will be taken care of in time”. Yeah right. Answer one question for me – and perhaps pull me out of this hole. The U.S. will continue to sell debt. There is no other way. But assume (and it looks very likely) that in 2020 we have a boat load of debt to sell – at 2%. No takers. Not even China. Then what folks? Then what.