Outrage of the Day is a no-brainer today: the President's demagogic speech supposedly dedicated to cutting the budget, but mostly a long apologetic for excessive spending and a series of lies, such as his repeated statements that unnamed others (read: Republicans) want to "end Medicare as we know it" and (simultaneously) convert it to a voucher program (which no one has proposed).
As per usual, the President ran with a long list of red herrings. It seems he never gives a speech without massively mischaracterizing the views of others and then castigating them for holding views they've never held. At this point in his presidency, it is a shopworn excerise that fools no one except for those who chose to be fooled.
The President also, in his words, "kicked the can down the road" while explaining that he is opposed to that.
And he was vague, very vague, about his cuts. From his speech:
The first step in our approach is to keep annual domestic spending low by building on the savings that both parties agreed to last week – a step that will save us about $750 billion over twelve years. We will make the tough cuts necessary to achieve these savings, including in programs I care about, but I will not sacrifice the core investments we need to grow and create jobs. We’ll invest in medical research and clean energy technology. We’ll invest in new roads and airports and broadband access. We will invest in education and job training. We will do what we need to compete and we will win the future.Where are the cuts there?
All in all, a dismal and disgraceful performance.