President Barack Obama has decided to go Keynesian: record spending and record deficits to match to turn around The US economy. The Budget is a head-spinning, stomach-turning mess of 3.8 trillion. Yes, my friends a whopping $4 trillion.
If it works out unemployment should drop to 9.8 percent.
The Deficit will be $1.5 trillion. $1.5 trillion(Oh by the way for those in the White House and Democrats Trillions is bigger Billions)
The proposed jobs bill is $300 billion.
The President is hoping that the Republicans will jump on board with criticism “I’m asking Republicans and Democrats alike to take a fresh look at programs they’ve supported in the past to see what’s working and what’s not, and trim back accordingly,” he said.
“What I reject is the same old grandstanding when the cameras are on, and the same irresponsible budget policies when the cameras are off,” the president said. “It’s time to save what we can, spend what we must, and live within our means once again.”
The Republican were less than impressed.
“They’re not willing to do big ideas. They’re doing ideas that create perception but don’t do anything big,” said New Hampshire Sen. Judd Gregg, senior Republican on the Budget Committee. “The spending freeze for example. You’re talking what, $10 billion on a $1.6 trillion deficit?
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