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Keyword: encouragespoverty

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  • EDITORIAL: Obama budget breaks the bank

    03/24/2009 2:00:31 AM PDT · by Scanian · 10 replies · 679+ views
    The Washington Times ^ | March 24, 2009 | Editorial
    House and Senate Democratic leaders are looking to pass the Obama administration's $3.6 trillion federal budget for 2010 by the end of next week, but the lawmakers under them should take into account the shocking deficit impact and fight to reign in the proposal. We're not holding our breath that they will do so, despite the immense deficit predictions announced Friday by the non-partisan Congressional Budget Office. The CBO has projected the initiatives proposed in President Obama's budget would increase the deficit to over $1.8 trillion this year. That is 13.1 percent of GDP and significantly more than the already...