obama budget: ShortFormBlog

17:35 • 6 days ago

Tags: sm budget economics deficit taxes spending democrats republicans obama budget debt president obama obama deficit obamacare 25 • Permalink

The non-partisan Congressional Budget Office has released a comparison of the budgets offered by President Obama, House Republicans, and Senate Democrats. They’re a lot similar than you’d expect given how much the two parties are at each others’ throats about things like Social Security and taxes, huh? Anyway, for those who enjoy charts and graphs, the CBO’s blog post on its budget projections will not disappoint. (h/t Ezra Klein) source

10:13 • 1 year ago

Tags: congressional black caucus nervous breakdown on paper obama obama 2013 budget obama budget rep. emanuel cleaver 6 • Permalink

This budget is a nervous breakdown on paper … We are still in a recession. We’re still struggling. Unemployment is still too high in every major city in the country. People are struggling.

Rep. Emanuel Cleaver • Offering a tough take on Obama’s forthcoming 2013 budget, which Cleaver suggests leans too heavily on spending cuts. Cleaver, the chair of the Congressional Black Caucus, says that while he disagrees with elements of the budget, the biggest problem Obama’s budget will face, however, is a broken Congress: “It’s going to probably have some difficulties over in the Senate. And it’s probably dead on arrival over at the House,” he told CNN this morning. “But that’s because of Congress is dysfunctional. The danger here is that we’re going to struggle around without addressing the major problems.” source (via • follow)

10:02 • 1 year ago

Three things you should know about Obama’s forthcoming budget plan

Tags: buffett rule bush tax cuts defense spending gop job creation obama obama 2013 budget obama 2013 proposed budget obama budget republicans 37 • Permalink

cuts While still leaning on the “Buffett Rule” that he’s been pushing for months and planning to end the Bush tax cuts for the super-rich, Obama’s plan would also cut $2.50 for each dollar raised from tax proposals affecting high income-earners.
jobs With the GOP blocking much of Obama’s job plan last year, he’s taking another try at it, offering up $350 billion in job-growth spending, which includes $50 billion to improve infrastructure and $60 billion to modernize schools.
defense Echoing the words of Secretary of Defense Leon Panetta, the budget proposal would cut non-war spending. However, automatic cuts set to kick in next year will likely get replaced by a “balanced deficit-reduction package.” source

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