According to the President;
< First, this Budget implements the tight discretionary spending caps that I signed into law in the
Budget Control Act of 2011. These caps will generate approximately $1 trillion in deficit reduction over
the next decade. Building on reductions we already have made, this will result in a cut in discretionary
spending of $42 billion since 2010 when higher levels of Federal spending were essential to provide
a jumpstart to the economy.>
< we are undergoing a transition in
Afghanistan so Afghans can assume more responsibility; and we have debilitated al Qaeda’s leadership,
putting that terrorist network on the path to defeat. At the same time, we have to renew our economic
strength here at home, which is the foundation of our strength in the world, and that includes putting
our fiscal house in order. >
< The Department of Defense will focus modernization on emerging
threats and sustaining efforts to get rid of outdated Cold War-era systems so that we can invest
in the capabilities we need for the future, including intelligence, surveillance and reconnaissance
capabilities. >
< In the United States of America, a teacher, a nurse, or a
construction worker who earns $50,000 a year should not pay taxes at a higher rate than somebody
making $50 million. That is wrong. It is wrong for Warren Buffett’s secretary to pay a higher tax rate
than Warren Buffett. > Time for turtle to wade in and give his stock OPINION on this part.:2wave:
< In the Budget, I reiterate my opposition to permanently extending the Bush tax cuts for families
making more than $250,000 a year and my opposition to a more generous estate tax than we had
in 2009 benefiting only the very largest estates.> and this part as well.:mrgreen:
< Fourth, to build on the work we have done to reduce health care costs through the Affordable
Care Act, I am proposing more than $360 billion in reforms to Medicare, Medicaid, and other health
programs over 10 years. >
This just a synopsis, read more at the link.
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/message.pdf