Posted on 02/16/2011 1:15:56 PM PST by Libloather
A Budget that Meets Two Goals
Posted by Jared Bernstein
February 16, 2011 at 03:16 PM EST
On Monday, the Administration released the President’s Budget for Fiscal Year 2012. It’s a Budget that meets two goals: it makes tough but necessary cuts that put our nation on a sustainable fiscal path. And it’s a budget that invests wisely to ensure economic opportunity for working Americans.
As the President said Monday, this is a budget designed to help America win the future by out-innovating, out-educating, and out-building our global competition. But in order to afford those investments, the government needs to start living within our means. So we’re proposing over $1 trillion in deficit reduction, of which two thirds comes from spending cuts.
Yet we cannot abandon the needs of working families at this point in our economic recovery. Yes, our cuts have involved tough choices, and they will require sacrifices from many Americans. But there’s also a lot in this budget to help middle-class families get back to work, afford college, to protect them at work, and strengthen their retirement.
A few examples:
(Excerpt) Read more at whitehouse.gov ...
What the eff?!?
My pant leg’s wet but I don’t think it’s raining.
One trillion over a decade. That's about 1/16 of the annual deficit every year. Cutting the budget to the bone? That's not even getting a small fraction of the way through the fat... it might not even be breaking the skin.
Maybe you should think of it as losing weight by getting a haircut.
'I don't make jokes. I just watch the government and report the facts.' -Will Rogers
>> that put our nation on a sustainable fiscal path
In Obozo’s sick mind, Cloward-Piven is a “path” and communism is “sustainable”.
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