Beyond the Republicans who only care about budget cuts when Democrats control the White House, the only people who are feverishly pushing for austerity measures are Very Serious media people and DC elites who happen to be very wealthy.
Thankfully, the president intends to make them pay for their fetishization of austerity.
In addition to calling for higher taxes for those earning more than $250,000 per year, the Wall Street Journal reports that the president has his sights on “changing parts of the tax code he thinks benefit the wealthy.”
Much will be revealed at midweek, when the House and Senate are expected to vote on a budget for the remainder of this fiscal year and Obama unveils his plan to reduce the deficit,
More like this, please. Make these slash-and-burn budget cutters pay their share.