President Barrack Obama's $3.7 trillion budget sets off a clash with congressional Republicans who seek deeper spending cuts and face a potential revolt within their own party if they don’t pare aggressively enough.
Obama’s first budget request since Republicans took House control was met immediately today with demands for a far bolder reshaping of government. House Speaker John Boehner, an Ohio Republican, said the president’s plan “will destroy jobs by spending too much, taxing too much and borrowing too much.” He promised a rival plan for 2012 within weeks.
1 comment:
the budget problem is very complicated because it can't be solved immediately. this problem is going to take years of contractionary fiscal policy form the government. i also think that if these budget cuts are ever going to happen they need to happen soon before the national debt becomes so bad that we need other countries to bail us out.
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