Obama Budget Plan Released
President Barack Obamaâ€™s much awaited budget proposal was released Wednesday; unsurprisingly, it calls for nearly $300 billion in increased Federal spending on government make-work projects, coupled with $800 billion in tax hikes over the next 10 years.
To sweeten the deal for Republicans, the budget calls for $1 trillion in cuts throughout government and even targets Social Security for the first time.
â€śOur economy is poised for progress, as long as Washington doesnâ€™t get in the way,â€ť Obama said in announcing his budget plan.
The President described his plan as â€śa fiscally responsible blueprint for middle-class jobs and growth.â€ť
Republicans like House Budget Committee Chairman Paul Ryan (R-Wis.) have expressed discontent with the Presidentâ€™s proposal because it does little to change the Federal spending status quo. But some pundits, noting how the GOP previously caved on tax hikes, arenâ€™t so sure how serious the party is about defeating the Democrat proposal.
Obama is slated to dine with a dozen rank-and-file Republicans at the White House Wednesday evening.
Sam Rolley Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.
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