President Barack Obama on Thursday will lay out a plan to end sequestration that Republicans immediately will reject, but GOP members “don’t have a plan” of their own.
Obama will travel to Philadelphia to meet with House Democrats at a caucus retreat, and is expected to provide details of his 2016 budget plan. In it, the White House says he will for the second consecutive year propose ending sequestration.
Obama will release that budget plan on Monday, including a $534 billion base Pentagon spending plan and a $51 billion overseas contingency operations (OCO) request.
The White House says the federal spending plan “will reverse harmful sequestration cuts and instead show how we can invest in his vision for middle class economics by making paychecks go further, creating good jobs here in the United States, and preparing hardworking Americans to earn higher wages.”
The Obama budget will seek to “fully reverse those cuts for domestic priorities, and match those investments dollar-for-dollar with the resources our troops need to keep America safe,” the White House said.
Obama and congressional Democrats want to raise domestic spending caps to fund entitlement programs they covet. The White House and some Democrats are willing to raise defense spending caps to secure support from hawkish Republicans.
But House and Senate GOP leaders — and their hand-picked chairmen of the budget committees — have no interest in raising the spending caps.
House Budget Committee Chairman Rep. Tom Price, R-Ga., declared on Tuesday that Washington has “a spending problem.”
“And for all that’s been said about the recent decrease in annual deficits, which we welcome, we have not solved our nation’s fiscal challenges,” Price said, warning about the nation’s debt and deficit levels. “In fact, under the status quo, our fiscal and economic concerns are only [getting] worse.”
Read More:Sequestration: GOP, Dems ‘Don’t Have a Plan’.