Obama Budget 

Posted: 11:37 am Thursday, February 26th, 2009

By Jamie Dupree

If you want to spend a few minutes looking at the Obama budget outline that was released today, then here is your link.


In remarks this morning, President Obama said his budget was filled with tough choices, as he defended his plans to raise taxes on those making over $250,000 per year.

“I’m determined to bring the change that the people voted for last November,” he said.

Republicans denounced the budget outline, especially the tax increases included in the bill.

“This is a jobs killer, plain and simple,” said House GOP Leader John Boehner.

The budget includes more money for the Wall Street/bank bailout, as $250 billion is in there for that purpose.

There is also extra money for the wars in Iraq and Afghanistan, $130 billion in all.  That’s on top of a $534 billion Pentagon budget.

One note about the costs of the wars in Iraq and Afghanistan is that the Bush Administration never put those into the budget.

The full budget details will hit Capitol Hill in April.  But this outline is still a lot to digest for many Republicans and a lot of Democrats as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s