President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.
In addition to tackling a deficit swollen by the $787 billion stimulus package and other efforts to ease the nation's economic crisis, the budget blueprint will press aggressively for progress on the domestic agenda Obama outlined during the presidential campaign. This would include key changes to environmental policies and a major expansion of health coverage that he hopes to enact later this year.
Why does this seem like announcing you're going on a diet immediately after eating an entire pizza with all the toppings?
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2 comments:
I just hope Obama will help people during the crisis !
The only people Obama is helping are Democrats being rewarded with pork barrel projects in the stimulus package. And that's only short term, because the overall impact of the law will be negative All of us are going to suffer because of this monstrosity.
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