This is Hectic Capiznon Bloggers 2009 news. Barack Obama the first American African US president introduced his budget for the 2010 fiscal year along with budget for the remainder of year 2009. The 2010 budget for fiscal includes substantial investments in health care reform, renewwable for energy and education. President Obama estimastes a deficit of $1.75 trillion equal to 12.3 percent of U.S gross domestic product.
This plan calls for cutting wasteful spending on health care and raising taxes on the wealthy. It can spend $3.55 trillion in 2010 as well as adding $3.9 trillion this 2009 budget. Obamas proposed budget layout plan for overhauling one largest entitlement programs. We are hoping that the Global Crisis will re resolve with the help of Barack Obama. The spending blueprint Obama is sending Congress is 140 page outline with the complete details thie mid of April.
This plan calls for cutting wasteful spending on health care and raising taxes on the wealthy. It can spend $3.55 trillion in 2010 as well as adding $3.9 trillion this 2009 budget. Obamas proposed budget layout plan for overhauling one largest entitlement programs. We are hoping that the Global Crisis will re resolve with the help of Barack Obama. The spending blueprint Obama is sending Congress is 140 page outline with the complete details thie mid of April.
1 comments:
Taxing the rich at 100% won't pay for Obama's budget. The Wall Street Journal has reported that taxing the rich at 100% won't pay for Obama's budget. Barack Obama promised not to raise taxes on anyone making under $250,000 per year. Where is he going to get the money? The numbers indicate Obama will need to take 100% of the income of everyone making over $75,000.
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