Monday, March 9, 2009

SF CHRONICLE: Obama taking big political risk with budget [A CRUCIFIXION ! Oh boy!] Yes, I'm goading us.  [DAMN US IF WE JUST WATCH]
Amid a cratering stock market, huge job losses and continuing ad hoc bank interventions, President Obama is risking his presidency on the most ambitious remake of the federal government since Ronald Reagan, raising jitters among moderate Democrats and presenting House Speaker Nancy Pelosi with the most daunting challenge of her career.For liberals who fretted just a month ago that Obama was acting suspiciously centrist, his $3.6 trillion budget is a call to arms. It is also a carefully woven matrix that tackles everything from global warming to health care with new spending and taxes.Pull out one piece, be it a quasi-tax on carbon or an end to charitable and mortgage interest deductions by the wealthy, and either the programs unravel or $1 trillion-plus deficits rocket higher.