President
Obama’s forthcoming budget request will seek tens of billions of
dollars in fresh spending for domestic priorities while abandoning a
compromise proposal to tame the national debt in part by trimming
Social Security benefits.
With the 2015 budget request, Obama will call
for an end to the era of austerity that has dogged much of his
presidency and to his efforts to find common ground with Republicans.
Instead, the president will focus on pumping new cash into job
training, early-childhood education and other programs aimed at
bolstering the middle class, providing Democrats with a policy
blueprint heading into the midterm elections.
As part of that strategy, Obama will jettison
the framework he unveiled last year for a so-called grand bargain
that would have raised taxes on the rich and reined in skyrocketing
retirement spending. A centerpiece of that framework was a proposal —
demanded by GOP leaders — to use a less-generous measure of
inflation to calculate Social Security benefits.
The idea infuriated Democrats and never gained
much traction with rank-and-file Republicans, who also were unwilling
to contemplate tax increases of any kind. On Thursday, administration
officials said that the grand-bargain framework remains on the table
but that it was time to move on.
Read more:
Obama’s
Budget Increases Spending by $56 Billion
“President Obama’s forthcoming budget
request will seek tens of billions of dollars in fresh spending for
domestic priorities while abandoning a compromise proposal to tame
the national debt in part by trimming Social Security benefits,”
the report reads.
“With the 2015 budget request, Obama will
call for an end to the era of austerity that has dogged much of his
presidency and to his efforts to find common ground with Republicans.
Instead, the president will focus on pumping new cash into job
training, early-childhood education and other programs aimed at
bolstering the middle class, providing Democrats with a policy
blueprint heading into the midterm elections.
Up
106%: Obama Has More Than Doubled Marketable U.S. Debt
The marketable debt of the U.S. government has
more than doubled–climbing by 106 percent–while President Barack
Obama has been in office, increasing from $5,749,916,000,000 at the
end of January 2009 to $11,825,322,000,000 at the end of January
2014, according to the U.S. Treasury’s latest Monthly Statement of
the Public Debt.
During the eight-year presidency of George W.
Bush, the marketable debt of the U.S. government almost
doubled–climbing 93 percent–from $2,977,328,000,000 at the end of
January 2001 to $5,749,916,000,000 at the end of January 2009
Read
more
at http://investmentwatchblog.com/up-106-obama-has-more-than-doubled-marketable-u-s-debt/#XcErEYKZmOQZ9Jqv.99
STICK-UP: ‘HOUSE OF CARDS’ threatens to
quit state without more tax breaks
A
few weeks before Season
2 of “House of Cards” debuted online, the show’s
production company sent Maryland Gov. Martin O’Malley a
letter with this warning: Give us millions more dollars in tax
credits, or we will “break down our stage, sets and offices and set
up in another state.”
A similar
letter went to the speaker of the House of Delegates,
Michael E. Busch (D-Anne Arundel), whose wife, Cynthia, briefly
appeared in an episode of the Netflix series about an
unscrupulous politician — played by Kevin Spacey — who
manipulates, threatens and kills to achieve revenge and power.
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