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Obama to Unveil an Ambitious Budget Plan
The Washington Post ^ | February 21, 2009 | Lori Montgomery and Ceci Connolly

Posted on 02/21/2009 12:05:38 PM PST by Baladas

President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.

In addition to tackling a deficit swollen by the $787 billion stimulus package and other efforts to ease the nation's economic crisis, the budget blueprint will press aggressively for progress on the domestic agenda Obama outlined during the presidential campaign. This would include key changes to environmental policies and a major expansion of health coverage that Obama hopes to enact later this year.

A summary of Obama's budget request for the fiscal year that begins in October will be delivered to Congress on Thursday, with the complete, multi-hundred-page document to follow in April. But Obama plans to unveil his goals for scaling back record deficits and rebuilding the nation's costly and inefficient health care system Monday, when he addresses more than 100 lawmakers and budget experts at a White House summit on restoring "fiscal responsibility" to Washington

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: 111th; agenda; barackhusseinobama; bho44; bhobudget; economy; federalspending; first100days; hopeychangey; obama; porkulus; socialism; spendandtax; stimilusv2; stimulus; taxes; taxincreases
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To: Baladas

http://news.yahoo.com/s/ap/20090221/ap_on_go_pr_wh/obama_agenda

crAP:

Obama turns to budget, health care, entitlements

By JIM KUHNHENN and CHARLES BABINGTON, Associated Press

WASHINGTON – After focusing his first month on the economic mess he inherited, ...


21 posted on 02/21/2009 12:22:25 PM PST by maggief
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To: OldNavyVet
“Making money” is an American term that was unknown before freedom reigned in America.

Absolutely, wealth can be created infinitely, but liberals believe its finite and worse yet, theirs to distribute "fairly"

22 posted on 02/21/2009 12:22:52 PM PST by Kakaze (Exterminate Islamofacism and apologize for nothing.....except not doing it sooner!)
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To: FatherofFive
Why don't the dems get this simple reality?

Thee you go, letting those pesky facts get in the way.

Obama is DOUBLEPLUSGOOD.

Where's your faith in hope and change?

23 posted on 02/21/2009 12:26:31 PM PST by Recovering Hermit ("A liberal feels a great debt to his fellow man, which debt he proposes to pay off with your money.")
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To: Baladas

“rebuilding the nation’s costly and inefficient health care system”

“Rebuilding” is not the word I would use.

They will tear down the HC system. The technology and development will come to a screeching halt.

The only consolation is that nurse labor groups will get it the worst, just like in the auto industry.


24 posted on 02/21/2009 12:29:21 PM PST by Wiseghy ("You want to break this army? Then break your word to it.")
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To: TLI
...seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy

Bye, bye birdie. Let's see, if corporations are already on the ropes, let's tax the hell out of what is left of their 'profits'. Oh, and let's then brag about how we gave tax cuts to 95% of the American people. It is all black magic.

25 posted on 02/21/2009 12:30:22 PM PST by arkady_renko
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To: wmfights; All

Do you really think the huge deficits run up by Reagan and Bush were such an improvement, not to mention the shift to blind deregualtion that let those Wall Street fat cats destroy the entire world’s economy. I don’t know if O will do better, but I doubt he will do worse even if he is secretly trying. As you can see deliberately trying to do something “good” has been disasterous, perhaps deliberately trying to do bad might have the opposite effect.


26 posted on 02/21/2009 12:32:48 PM PST by gleeaikin
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To: Baladas

Get out the KY jelly and bend over.


27 posted on 02/21/2009 12:32:58 PM PST by bikerman (Obama lied,economy died.)
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To: All
AP: Obama plans eclipsing New Deal spending

"Hey! That was my idea!" LBJ

28 posted on 02/21/2009 12:34:03 PM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: gleeaikin
My 401K sure looked a hell of allot better back then than now.
29 posted on 02/21/2009 12:34:39 PM PST by bikerman (Obama lied,economy died.)
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To: Baladas
One “good” thing about the rapid run-up in deficits, debt, and now taxes — people will notice. It's not creeping socialism — it's flat-out galloping socialism. The frog will want out of the pan, before the water boils. (Please try to follow the mixed metaphors.)
30 posted on 02/21/2009 12:35:12 PM PST by USFRIENDINVICTORIA
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To: Baladas

Read it closely. There is a statement in it referencing the nationalization of health care.


31 posted on 02/21/2009 12:35:21 PM PST by oldbill
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To: Baladas

Of course this protocol has been a disaster every time it’s been tried in the past. But this time Hussein the Great will be in charge, so it’s bound to work like a charm!


32 posted on 02/21/2009 12:36:07 PM PST by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: OldNavyVet; All

“money represents—a value measure of human labor that serves as a medium for trade.”

And this is when it all started to go to h#$%. Big money guys started their leveraged buyouts, arbitrage and bundling paper to unsuspecting buyers, and pocketing huge unearned profits. Getting companies, breaking them up, dumping parts, selling others, not producing anything of value except profits for their own pockets at unbelievably hight rates. A million dollars for one or two days work. This is “honest labor?” The years before Lehman Brothers went belly up the CEO (07) salary was $52 million. In (08) they raised it to $72 million. I guess because the 454 million shares he owned had lost value. [source - Forbes Exceutive Compensation] Maybe this is why they government decided not to bail them out.


33 posted on 02/21/2009 12:44:02 PM PST by gleeaikin
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To: Kakaze
I'm not going to quit saying it, "Obama, is and always will be, an enemy of the state."

Zero is the best friend the state has ever had; he's only the enemy of the rest of us.

34 posted on 02/21/2009 12:49:54 PM PST by eclecticEel (Wall Street isn't a charity ... so why are we giving them money?)
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To: wmfights; All

Do you really think the huge deficits run up by Reagan and Bush were such an improvement, not to mention the shift to blind deregualtion that let those Wall Street fat cats destroy the entire world’s economy. I don’t know if O will do better, but I doubt he will do worse even if he is secretly trying. As you can see deliberately trying to do something “good” has been disasterous, perhaps deliberately trying to do bad might have the opposite effect.


35 posted on 02/21/2009 12:50:32 PM PST by gleeaikin
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To: FlingWingFlyer

36 posted on 02/21/2009 12:51:39 PM PST by Kaslin (Acronym for Obma: One Bad Ass Mistake America)
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To: Baladas

MASSIVE Tax Increases — now THAT will really help the economy! (sarc)

Obama will accomplish in about a year what none of the enemies of the US has been able to accomplish since the existence of the US: destroy it completely.

Definitely time for a tea party!


37 posted on 02/21/2009 12:55:28 PM PST by FocusNexus ("Good and evil are present in this world, and between the two there can be no compromise." GW Bush)
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To: All

This is the only way we will ever get the attention of our elected officiala and the masses- protest!

Freedoms March is planning a ‘million man’ march on Washington:

http://www.freedomsfirst.org/

Anti-Obama organizations are being united for a ‘million man’ march on Washington. The permit is secured

From ‘FreedomsMarch’:

PRESIDENT OBAMA, WE DEMAND THAT YOU BE TRANSPARENT NOW

We will come together in a peaceful rally. We are proud Americans who fear that we are losing the America we all know and love. The America where millions have served in our military sacrificing and giving their lives so that we remain free. A people who honor their flag and understand what it means to fly it and be so proud to do so. It is time for our voices to be heard loud and clear. Our government is for the people and by the people. Where is that now? We are PRO GOD, PRO LIFE, PRO GUN Americans who see our rights slipping away as we speak. It is time our voices are heard. It is time for us to shout loudly and strongly that we refuse to live under a socialist regime, where our voices are silenced. Lets take this action now before we awaken one morning and our freedoms are nothing more than a memory.

We ask you TO wear RED, WHITE AND BLUE CLOTHING... BRING YOUR FLAGS WAVE THEM HIGH... SIGNS WILL BE PROVIDED.. WE WANT TO GIVE THE GREATEST IMPRESSION OF WHO WE ARE AS WE WILL BE SEEN ALL OVER THE WORLD. UNITED AND PEACEFUL AND WITH CONTROL. WE WILL LEAVE THE GROUNDS AS CLEAN AS THEY WERE GIVEN TO US.

No food or beverage will be provided. You’re welcomed to bring your own.

Entertainment will be provided. We are setting up a wonderful assortment of guest speakers, political and non political,prominent people and many surprises. Major news networks, including CNN, MSNBC and Fox News. Resistnet.com will also attend. MUCH more to come .

Please make your reservations early as hotels and motels will fill quickly.

We are God,s Army. The soldiers of voice and heart that believe in AMERICA for one nation as it stands indivisible with liberty and justice for All. We marched with Dr Martin Luther King and placed our hands upon our hearts as we sang. We knew what was right, what was good and of God. We stand united and strong for we are Right and mighty and proud and in Dr. Martin Luther King,s words, “ WE SHALL OVERCOME.”

CHECK OUT OUR GREAT T SHIRTS... let everyone know where you stand as a real Patriot... and Please go to STEVES WHOLESALE OUTLET... Great bargains on things we all enjoy and need... These purchases will make this RALLY happen.. You help when you buy and you get something great to show for it too.... Thanks and God Bless America

Freedoms first has recently received permission to hold our protest in Washington DC. Our protest will now be held at the lincoln Memorial Reflections Pool in front of the Lincoln memorial ,on a date that will be released on feb 12 2009.

We find this very interesting because just two weeks earlier Washington told us we could no protest in DC for at least a year and a half . But the day the spendulus bill passes we get a call from Washington inviting us with a choice of dates and locations. Folks we take this as a sign that our country if starting to realise the mistake they have made with putting Obama in office.

We will have live speakers and other entertainment for you.

WE would like to see 1 million supporters attend this protest. It is time to take our country back and make our voices heard.

Why are we protesting ?

1. To get the attention of the mainstream media.

2. To demand That Obama Provide proof that he is eligible to be president.

3. To demand that Congress and the Supreme court uphold our constitution.

4. To inform the public on the issue of Obama’s ineligibility to be president of the USA.

5. To demand that they can not take our constitutional rights away.

6. To say no to abortions.

Please take the time to sign up so we have an idea of how many people we have attending and to get update emails so you know what to do , where to meet , where to park and what is happening so on and so forth.

Thank you for your attention and patriotism

Sign up here:
freedomsfirst@inbox.com

.


38 posted on 02/21/2009 12:56:32 PM PST by patriot08
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To: Baladas


39 posted on 02/21/2009 12:58:56 PM PST by Diogenesis (Quis custodiet ipsos custodes?)
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To: Baladas
As bad as this is, and raising taxes on the "wealthy" - $250,000 per year is not my definition of wealthy - and businesses during a recession is a hideously bad idea, it will open up Obama to more GOP attacks and it will hurt the economy which will help the GOP in 2010. Hey, you've got to find some silver lining.
40 posted on 02/21/2009 1:02:47 PM PST by TheWasteLand
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