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President Obama’s Budget Revives Benefits as Divisive Issue

President Obama’s Budget Revives Benefits as Divisive Issue | Government and Politics Andrew | Scoop.it

Obama has put Social Security on the negotiating table, which puts the Democratic presidential candidate at an issue that may have to be addressed when running in the 2016 election due to the incumbent's, Obama, decision. Democrats who are supporting Obama's budget may be in trouble during these midterm races because interest groups and PACs can help get new candidates, who don't support the budget, to take the spot of these democrats. Republicans can now use Obama's budget to shed a new light on the president as a democrat who would "attack seniors," which is a significant way to libel the incumbent. Even liberals are stating that good Democrats do not cut Social Security. Activists are stating people may be disinclined to help volunteer and help in races for people who favor cutting social security. This is a critical issue and I personally believe that Social Security should NOT be cut. People need that money and can spend that money to increase the GDP - assuming they spend it correctly - and if people have less money due to the cuts, it puts stress on the constituents because they now have less money. Just putting Social Security on the negotiating table is enough to scare a LOT of people and now democrats must state how they will as their future elections and campaigns depend on it.


Via Teresa Herrin
Andrew Alter's insight:

Obama is clearly attempting to break partisan gridlock in Congress. After Republicans finally agreed to end tax cuts for the rich to get a fiscal cliff deal passed, they refuse to cooperate with Obama on any other issue until  he makes spending cuts. Although he is receiving criticism from both sides, I don't think his legacy will be severely damaged by this bill, primarliy because it won't pass. It merely serves as proof that Obama is willing to come across the aisle on issues many thought he wouldn't negotiate on. I also don't think Democrats will be that affected during the 2016 midterms. Many Democrats who support this bill do not support the Social Security cuts, but rather the bipartisan effort. Overall, this was a bold move made by a president who no longer has to worry about reelection and can instead focus on getting good legislation through Congress. Who knows, maybe this is the bipartisan effort needed to make more headway on Immigration Reform and Gun Control.

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David Cohen's curator insight, April 16, 2013 11:04 PM

I know Obama wants to compromise with Republicans on Medicare and Social Security benefits, but what he is doing is against his party's beliefs. This action will hurt democrats in future elections and escpecially in the next presidential election. Democrats need to stay together and Obama is breaking away from them, its wrong. Personally, I think the president should focus on some other issues as well, such as the economy and getting jobs for the unemployed. he should not focus all his attention on this because the will hurt him and his party than help him in the long run.

Sarah Nguyen's curator insight, April 17, 2013 8:40 AM

Democrats are upset about the fact that Obama has put Social Security and Medicare benefits up for negotiation while discussing the federal budget. Beforehand, Democrats had stated that they would stand by Obama should the new equation for calculating social security benefits be accepted even it lessens the amount given.

mconti38's curator insight, May 2, 2013 11:22 PM

In Obama's recent budget plan, he was put social security and medicare up for "negotiation". This move has raised debate by both parties, as the services are heavily depended, on especially be seniors. 

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The only chart you need on the GDP report

The only chart you need on the GDP report | Government and Politics Andrew | Scoop.it
Last quarter's GDP report has been been called "the best-looking contraction in US GDP you’ll ever see." Here's the exact picture it paints.
Andrew Alter's insight:

The chart is very releaving to look at for the average American. Consumer spending and business investment grew, showing signs of a stronger economy. Politcal infighting and a clamoring for smaller government are probably why government spending and trade decreased. These factors are not as reflective of the overall domestic economy.

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Christina Breitbeil's curator insight, February 7, 2013 12:55 AM

This graph was very interesting to observe, because it offered insight into the complexities behind the number that is the collective GDP, which in this article is a fall in 0.1%. It was significant, in my opinion, that although the total GDP was a decrease, consumer and investment spending is doing exceptionally well. This just goes to show that the economy may be somewhat more stable than how it appears on the surface.

Zachary Beery's curator insight, February 7, 2013 11:44 AM

This chart shows the percent change in each department of the GDP. Whether it is going up or down. It shows an increase in consumer spending so that is a good sign for the economy.

Sarah Nguyen's curator insight, February 13, 2013 8:09 AM

This article and it's graph of the breakdown of the GDP is very reader friendly and easy to understand. It is very clear and obvious that the components of the GDP that are making the whole suffer the most are business inventory and federal defense spending. While reading, there was one comment by another reader that especially caught my eye. They reasoned that because many people were anticipating a pro-business Romney to win the election in the third quarterr of 2012, they planned ahead with increased inventories and expansion.

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Liberal Super PACs Outraise Conservative Groups; Obama Still Strong With Small Donors - OpenSecrets Blog | OpenSecrets

Liberal Super PACs Outraise Conservative Groups; Obama Still Strong With Small Donors - OpenSecrets Blog | OpenSecrets | Government and Politics Andrew | Scoop.it

For the first time all year, liberal Super PACs outraised conservative PACs this August. The conservative Super PACs received many 7 digit donations, but the liberal PACs still managed to bring in more money. Obama is also continuing to outraise Mitt Romney, bringing in approximately 17.8 million more dollars than Romney in August. Obama received 30% of his money from those donating $200 or less, while Romeny only received 14% of his funds from the same group. This indicates that Obama's fundraising patterin is more sustainable than Romeny's. Many people will continue to give small donations, but Romeny's big donors will soon run out. This does not bode well for Romney, as many times the candidate that spends the most money wins.

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Romney's bounce from convention looks short-lived: Reuters/Ipsos poll

Romney's bounce from convention looks short-lived: Reuters/Ipsos poll | Government and Politics Andrew | Scoop.it
WASHINGTON (Reuters) - A modest bump in popularity for U.S.

 

Romeny gained a one point lead in the eleciton poll after the convention on Friday, but President Obama regained the lead by one point on Saturday. Romney's convention bounce appears to be short-lived. However, Romney gained one point in the favorability ratings, while Obama lost a point on Saturday. Obama is still leading Romney 47% to 32% in favorability ratings.

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'Best-Looking' GDP Drop You'll Ever See

'Best-Looking' GDP Drop You'll Ever See | Government and Politics Andrew | Scoop.it
Negative economic growth in the fourth quarter provided a scary headline to start Wednesday's trading but probably little else in market impact.
Andrew Alter's insight:

Although the overall GDP dropped, consumer expenditures and business investments rose. Many feel that these positive effects of federal stimulus policies will be short lived and lead to hyper-inflation. However, the low interest rates are currently allowing for strong domestic growth and helping the economy get out of the recession.

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Zachary Beery's curator insight, February 7, 2013 11:46 AM

This article says that th recent drop in GDP isn't that bad cause it is mostly due to the recent cut in goverenment spending. this is pretty much just the drop before the big leap that hopefully comes soon.

Sarah Nguyen's curator insight, February 14, 2013 4:58 AM

Even though the GDP has dropped at .1 percent, it is reassuring to know that it is largely because of government spending and business inventories. Consumer spending and the private sector in general was able to grow more than the previous quarter, even despite the natural disaster Sandy.

Patrick Demitis Brown's comment, February 21, 2013 12:06 AM
GDP is probably going to be just as low or lower in the second quarter, once we've gotten rid of the payroll tax cuts. Im not sure how our congress isn't doing anything about that, this will increase taxes, defense spending going down, the number of consumers able to spend will go down and GDP will go down more sooo......
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U.S. Growth Halted as Federal Spending Fell in 4th Quarter

U.S. Growth Halted as Federal Spending Fell in 4th Quarter | Government and Politics Andrew | Scoop.it
The government played a role in slowing the economic recovery as cuts in military spending and other factors overwhelmed the Federal Reserve’s expanded campaign to spur growth.
Andrew Alter's insight:

The economy may have shrunk, but it shrunk in the most unharmful way for the average American. Government spending substantially decreased,  notably in the military, which allows for future government spending in domestic areas.

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Janet Yim's curator insight, February 6, 2013 8:07 AM

This article again states that the GDP shrunk by 0.1%, yet the military spending was cut by 22%. This slight drop in the GDP is actually quite surprising compared to the cut in military spending, and this is mainly because of the success of businesses and consumers.

Bo Li_1's curator insight, February 6, 2013 12:50 PM

It seems that this article says the the government has significantly decreased in military spending. As a result, it seems that US economy will also suffer a decrease in GDP.

Matt Kellogg's curator insight, February 6, 2013 9:57 PM

govenment cut a lot of defense spending. Economy didnt decline much considering how much was cut

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Latino Influence on 2012 Election: President

Latino Influence on 2012 Election: President | Government and Politics Andrew | Scoop.it

This map shows the importance of the Latino vote in the upcoming election. Every state except Texas and Arizona with Latinos representing at least 10% of the electorate favor Obama. Current polling suggests Latinos represent about 9% of the US electorate, with 26% of Latinos favoring Romney. If the number of Latinos favoring Romeny were to drop to 15% or less, however, polling predicts Obama would win the election.

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