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Obama also has pledged to fully restore the old Democratic standby of pay-as-you-go budget rules finding offsets elsewhere to accommodate spending increases which have been cast aside of late by stimulus packages, tax cuts and new entitlement programs like the GI bill.
That promise of less fuzzy math and a return to PAYGO already has fiscally conservative Blue Dog Democrats singing Obamas praises, despite the growing debt.
This week alone, President Obama is doing more to address the serious long-term fiscal problems facing our country than former President Bush and his Congressional allies did during his entire eight-year tenure in office, said Rep. Charlie Melancon (D-La.), a co-chairman of the Blue Dogs.
Were going to do honest budgeting, said a Blue Dog senior aide, who brushed off the talk of trillion-dollar deficits. To do that, your numbers are going to look bad on the front end.
But far more difficult for Obama will be getting Congress to help him address some of the long-term challenges facing Social Security, Medicare and Medicaid, an effort that he kicked off Monday by inviting top lawmakers from both parties for the unusual budget summit at the White House.
Social Security, health care and tax reform were among the work sessions held between Members and the administration at the event, and Obama repeatedly reached out to senior Republicans, including his former rival for the presidency, Sen. John McCain (R-Ariz.), and said he would continue to do so.
Bush, of course, spent much of his second term calling for reform of Social Security, but his efforts fell short in the face of a massive partisan backlash.
But the Blue Dog aide said if Obama follows through on dealing with long-term fiscal challenges, it will go a long way toward easing the heartburn many of the fiscally conservative Democrats feel over voting for the $787 billion stimulus package.
Were in a deep hole, and its going to take all of us to get out, the aide said.
Republicans thanked Obama for Mondays invitations and urged him to get Speaker Nancy Pelosi (D-Calif.) to include them in writing legislation.
And Sen. Chuck Grassley (R-Iowa), ranking member on the Finance Committee, noted that the fiscal responsibility summit came after passage of a stimulus package that will expand the deficit.
American taxpayers are being asked to swallow a lot right now, and it brings to mind the old joke about Wimpys hamburgers. Wimpy said, Ill gladly pay you Tuesday for a hamburger today. Theres too much of that kind of attitude in Congress and the White House today, he said.
House Republican leaders, meanwhile, called Monday for a freeze on federal government spending, citing soaring deficits, and attacked the looming budget over its expected tax increases on the wealthy. And they trained their fire on the $410 billion omnibus spending bill that Democrats unveiled Monday, which will bolster spending on energy, health care and education significantly for the remainder of the fiscal year. Most federal agencies have been operating under a stopgap spending bill for nearly five months.
The GOP ripped Democrats for unveiling the bill just days before a floor vote.