 OMB Director Jack Lew explains the Obama budget
February 14th, 2011
08:36 AM ET
Obama's budget plan By Jeanne Sahadi, senior writer WASHINGTON (CNNMoney) - President Obama on Monday will unveil a $3.7 trillion budget request for 2012 that proposes painful cuts in many government programs but fails to address the largest drivers of the country's long-term debt: Medicare, Medicaid and Social Security. The budget takes a big bite out of domestic spending and would slash deficits by $1.1 trillion over the next decade, according to White House estimates Two-thirds of those deficit cuts would result from spending reductions, while a third would come from an increase in tax revenue, according to senior administration officials. For the FULL STORY click here |
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The painful part of Barry's budget is not the cuts its the $3.7 trillion spending.
it sure is. continued borrowing. this budget will never reduce the deficit, due to fact they aren't figuring interest costs as part of the budget. freezing spending at record high levels small cuts to programs for the poor, and big increases in spending for "high speed trains". never gonna work.
The subtle wits of American ldeaers fly high and low – why? – that is because the past stands too deeply engrained in them and they want to live with it for their moments of excellence – Sarah Palin the excellent lady continues to give a plus to Obama on his creative charge and in that sense, she is indirectly doing good service for America. Republicans should be happy to learn this Truth that has brought America to the state of Light for Obama to pick on it.One thing good about American Democracy is it is “truly participating” and lasting with lessons for others to follow in modernity to tap blue horizons of life.Those blue horizons just do not end in economics that has many minds to tap the financial barometer of the country self educative in working of its affluent class and ordinary class both domestically and internationally relating to perfection with budgeting of money in economic plans that have been existing and are in the process to move charismatically with a tide over where bipartisan element also comes into play well integrated to test the mettle of the top leader of the country who has to stand over the continuous democratic element evolving of the country both in economic as well as inherently in spiritual terms for the good of the people at large mixing with the culture of exchange that has humanity behind it to survive?? By nature, the present President of America has that element in him – I should not be saying this but I am being inherently made to convey this as comment of exception for America and for Obama whose whole (Obama and his better half) stand as an extension through the ex Presidential candidate’s Charisma Of the Secretary Hillary Clinton that President Obama’s Charisma has selflessly absorbed for function in the cabinet gracefully for America and the world.That shows the humbleness of President Obama and maturity of Hillary Clinton of acceptance without a feeling of high and low of ego regarded as exceptional in Divinity.I was not supposed to make this comment and I have done so to urge the Republicans to accept their Light within of consensus through individual projections under control as Obama’s gesture of bipartisanship that will come to address.In short, this comment is all about health and health care where economics alone does not come into the picture with a rigorous analysis on it but should also extend as leverage to the person in play (Obama) who is also selflessly poised with corrections on it over the infra structure of it that he has proposed for approval as ego of his working element as the executive public ally chosen as the President that had appealed to the public at large voting even putting behind able ldeaers like McCain?George W Bush was the last to steer America into the Light over the past of America and that stands as the subtle truth even today as on date with Bill Clinton the ex President of America giving support through his excellent independent caliber for Obama ultimately to head the show of America that was time bound of its reality that sees no barriers and to which he accepted well in his individual capacity as the free lance ex President of America. I have to stop here because it basically conveys the essence of this communication for Obama today that he is today to execute for America and the world at large?? – I do not see ego hassles when I am on my draft of communications because they flow spontaneously through me in my absolute “switch off” capacity from the lower realms of life as a being of life for the Being that I am for life.I thank all for bearing with me or rejecting me at the mind levels because that is how I am poised for all life to relish me as food.