||02-26-2009 01:31 PM
Barack Obama unveiled a multi-trillion-dollar spending plan
Article - Obama sending Congress 'hard choices' budget
WASHINGTON - President Barack Obama unveiled a multi-trillion-dollar spending plan Thursday that would boost taxes on the wealthy, curtail Medicare, lay the groundwork for universal health care and leave a string of deficits dwarfing any in the nation's history.
In addition to sending Congress his $3.55 trillion budget plan for 2010, Obama proposed more immediate changes that would push spending to $3.94 trillion in the current year. That would result in a record deficit Obama projects will hit $1.75 trillion, reflecting the massive spending being undertaken to battle a severe recession and the worst financial crisis in seven decades.
Gulp! Uh... Gulp!
This is not about Obama directly, but about the impact of a multi-trillion-dollar spending plan. Gulp!
Please re-post this in Hot-Topics, and specifically in the Obama thread, Jae, mimartin and myself are tired of having to move threads, religious and political threads belong in Hot Topics. -- j7
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