Obama's Director of OMB Peter Orszag said this on Fact the Nation when asked about Senator Lindsey Graham's calling the administration's budget proposal "scary."
"Well, as Ronald Reagan once put it, there they go again. We've had eight years of one approach -- didn't work. We're offering a new approach. Let's look at what the Republicans are putting on the table. The senior Republican on the House Budget Committee has put forward a plan that includes $3 trillion in tax cuts for the wealthy and corporations, a Medicare program -- when you turn 65, you'd be handed a check for 80 percent of the cost of health care and then you're on your own -- and a Social Security plan in which your Social Security funds would be invested in the stock market. I'm not making this stuff up. That is their alternative plan. I think they should come on this show, offer a detailed alternative to what we're talking about and I'll let the American people evaluate the two ways forward."
Ralph
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