Monday, 13 February 2012

President Obama Speaks on the 2013 Budget

Ana Marie Cox: Like the GOP's Ryan plan, Obama's budget is about electoral positioning not real economic policy, but he looks better-placed. Now, these presidential budgets aren't even worth the paper they are printed on. Obama's first budget projected a $581 billion deficit for this year; we are actually $1.33 trillion in the red. But this budget barely touches Social Security, Medicare ...The Obama administration, which has been urging California to push through growing opposition to its high-speed rail project, asked Congress on Monday for nearly $35 billion in passenger rail funding over the next five years. The request in its fiscal ..

President Obama's fiscal year 2013 budget envisions the economy healing steadily after years of hemorrhaging and stagnation — and key government services surviving mostly despite the violence done to the federal ledger by the Bush tax ...By Charles Riley @CNNMoney February 13, 2012: 6:37 PM ET Sure, there are a bunch of new taxes on the rich, but more deficit reduction is sourced from winding down overseas wars and bringing agency budgets in line with the congressional mandates

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