Obama's First Budget Seeks To Trim Deficit
Obama Targets Budget Deficit
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 businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.
Several points here...
1. cutting funding in the middle of a war? Is this the "Scaple" he was talking about.
2. raising taxes on business in the middle of a recession? Is this the smartest thing to do?
3. In the article it talks about how Obama will end the temporary tax cuts. Read between the line people, that will be a net tax raise for EVERYONE.