Huge ambitions, huge obstacles and many comment about it . I hear and read about the Obama's budget everywhere.
Obama says his budget that he will unveil will cut deficit spending by 50% by the year 2013. Also President Barack Obama while tackling the economic crisis, is asking Congress to enact contentious measures that have been debated, but not decided, in calmer times: combat global warming with a pollution tax on industries; cut subsidies for big farms; raise taxes on the wealthy; make big changes to health care, including lower reimbursements for Medicare and Medicaid treatments and prescription drugs.
Many is say that President Obama is living in his own little dream world, that he is wildly optimistic, that Obama's budget/stimulus plan isn't going to work and it isn't fair - especially to the financially successful and it will take away people's will to succeed. But I can't agree with these comments.
I love are other comments: "We're struck with how bold and courageous a budget it is," said James Horney of the liberal Center on Budget and Policy Priorities, which supports the president. "There are a whole lot of things that are going to be extremely difficult because there are very powerful vested interests out there that will fight them." I agree with James 100%.
Spending is the only thing that will pull all of us out of this crisis. Those who think that spending is bad, they are still living under a rock like they did for last 8 years.
I know, the deficit WILL grow. No doubt about that. This is something which will be purely unavoidable to fix this economy. But the budget is promising. It is going to work great on a long run, if implemented properly. Implementing this properly is the primary responsibility of all those congressmen who are for or against this budget.
About tax cuts, most people, those who earn less then $250,000 per year, won't see any tax raises.
Yes, I agree with much of it and I still support it.
See also
- President Barack Obama - Fiscal 2010 Federal Budget
- Will President Obama Be Capable Of Rescuing American Economy?
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Obama's Budget Plan - terribly comforting. If it works it will be a completely new economic model.
Hi Christopher, I disagree with much of Budget Plan but I still support it..
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