After reading this, it's pretty obvious that the administration's plan is a combination of two things.
1 - Raising taxes by $1.5 TRILLION when the economy is already suffering tremendously (because that's always such a great idea).
2 - Holdng our troops hostage. These men and women deserve so much, and O-nutjob would use them for political leverage?
That doesn't even mention that the plan would cut medicare and medicade, the very thing he accused Republicans of wanting to do. While I would be fine with eliminating social programs (HOW to eliminate, I'm willing to discuss, as we probably can't easily go cold-turkey), to make even hinting at touching these programs out to be an evil, then to proceed and actually do it yourself is as hypocritical as it gets.
As a wise man once said, "If you want to know what the left is doing, look at what they are accusing the right of doing."