Obama budget takes heat from all quarters (+video)
Republicans reject any new taxes. Liberals say they'll fight any changes to Social Security and other entitlement programs. Does the Obama administration have any room to maneuver?
Does President Obama’s budget have a snowball’s chance in Hades?
He’ll submit his administration’s budget for the fiscal year beginning in October on Wednesday, and based on leaked details it’s getting largely negative reviews.
House Speaker John Boehner has rejected it because it includes new revenues, meaning some new taxes on the wealthy. Mr. Obama’s liberal base promises to block any cuts in entitlements – in particular, a revised inflation adjustment for Social Security known as "chained CPI."
"There are nuggets of his budget that I think are optimistic." Sen. Lindsey Graham of South Carolina said on NBC's "Meet the Press" Sunday – the only praise, however lukewarm, heard from a Republican.
"The president is showing a little bit of leg here, this is somewhat encouraging," said Senator Graham. "He has sort of made a step forward in the entitlement-reform process."
"He showed some leadership," Graham added. "That puts the burden on us."
Which is exactly what Obama’s liberal base fears, a fact all too clear to the White House, which sought to clarify its position Sunday.