Barack Obama

Everybody Hates Obama's Budget Plan

GOP won't accept tax hikes. Dems don't like Social Security cuts.

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The House speaker, John A. Boehner, on Friday waved aside reports that President Obama would seek a new budget compromise next week, accusing the president of again demanding tax increases in exchange for "modest entitlement savings."

"If the president believes these modest entitlement savings are needed to help shore up these programs, there's no reason they should be held hostage for more tax hikes," Mr. Boehner said. "That's no way to lead and move the country forward."

At the same time, liberals quickly vented their anger about Mr. Obama's plans, saying they would not accept changes to Social Security and Medicare that would threaten the programs and harm beneficiaries.