Wednesday, April 2, 2014
Obama Spendin' Mula?!
President Obama called for more spending on community colleges, job training, infrastructure, and research and development as he touted an election-year budget that seemed to complete his shift in focus from budget cutting to job creation. Obama delivered a $3.8-trillion budget plan to Congress and blew through a promise to cut the deficit in half by the end of his first term. Obama sent the document to Capitol Hill along with a message about pushing the economic recovery now and worrying more about deficit reduction down the road.
A central feature of the budget is a proposal to ask the wealthy to shoulder more of the burden of paying down the deficit. The 2013 budget counts $1.5 trillion in increased taxes, including the expiration of the George W. Bush-era tax cuts for top earners, increased estate taxes, and also higher rates on investment income.
Obama told a crowd Monday at a community college in northern Virginia, "At a time when our economy is growing and creating jobs at a faster clip, we've got to do everything in our power to keep this recovery on track," "By reducing our deficit in the long term, what that allows us to do is to invest in the things that will help grow our economy right now. We can't cut back on those things that are important for us to grow."
I think Obama’s plan to spend more money on community colleges, job training, and research development is a good idea, although I will admit that $3.8-trillion dollars is an awful lot to be spending. Is it that necessary to be spending that much. Maybe he should invest less into it. We might need that money in the future for emergency purposes.
http://articles.latimes.com/2012/feb/14/nation/la-na-obama-budget-20120214
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