budget

Today the President outlined some proposed cuts in his $3.40 trillion dollar fiscal 2010 budget. Those include cuts in defense spending, the elimination of a diplomatic position in Paris (saving $630,000 per year) and a few other cuts.   All-in, the President says the cuts will trim about $17 billion from the budget. Cuts of any kind are generally a good thing.  The government has ... read more

The President is now even defending his gigantic spending plan to his own party.  As the story in the Wall Street Journal leads: Confronting misgivings in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the national economy Thursday, arguing that delay on health care, energy and education would make "recovery more fragile and our future less ... read more

Details of President Obama's proposed budget are out, and while the details continue to cross there are a few overall themes: higher taxes on high earners, companies and more big government.  In addition to rolling back the Bush tax cuts on the wealthy in 2011, the President wants to raise taxes on companies, tax foreign profits and levy an excise tax on oil and natural gas production.   ... read more