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White House to roll out $3.8 trillion budget plan
des_khor
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01-Feb-2010 21:04     
 
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Yells: "Tell me who is the God or MFT from this forum??"
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 Alert Admin 		This one will translate into short term gain and long term pain....
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nickyng
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01-Feb-2010 20:00     
 
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 Alert Admin 		aya not enough as long as their money printer got paper and power...can cont'd to print as much as they wan loh.... :P
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yummygd
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01-Feb-2010 18:34     
 
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trillion like does it exist??for real i am curious little people so never see before and in little mind cant make it seems real like fairy tale...
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Hulumas
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01-Feb-2010 17:43     
 
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nickyng      ( Date: 01-Feb-2010 17:39) Posted:



 

 

 

 

Washington (CNN) -- President Obama will take the wraps off his $3.8 trillion budget plan for fiscal 2011 at a White House ceremony Monday.

The spending package comes as the administration struggles to strike a balance between fiscal restraint and job creation in an economy that has struggled to rebound from recession.

The federal deficit in 2009 grew by about $1.6 trillion, pushing the nation's total debt to $12 trillion.

During last week's State of the Union address, Obama proposed freezing all nonsecurity federal discretionary spending for three years in an effort to save $250 billion.

 

Nonsecurity discretionary spending refers to an array of domestic programs -- everything from agriculture to energy. The freeze would not apply to Social Security, Medicare, Medicaid or other entitlement programs.

The president is scheduled to highlight his budget priorities at a 10:45 a.m. appearance in the White House Grand Foyer.

Presidential Press Secretary Robert Gibbs will fill in some of the blanks at an afternoon briefing with reporters.

Last year's $3.5 trillion budget passed on a party-line vote.

The government's fiscal year runs from October of one year through September of the next.


 
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nickyng
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01-Feb-2010 17:39     
 
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Washington (CNN) -- President Obama will take the wraps off his $3.8 trillion budget plan for fiscal 2011 at a White House ceremony Monday.

The spending package comes as the administration struggles to strike a balance between fiscal restraint and job creation in an economy that has struggled to rebound from recession.

The federal deficit in 2009 grew by about $1.6 trillion, pushing the nation's total debt to $12 trillion.

During last week's State of the Union address, Obama proposed freezing all nonsecurity federal discretionary spending for three years in an effort to save $250 billion.

 

Nonsecurity discretionary spending refers to an array of domestic programs -- everything from agriculture to energy. The freeze would not apply to Social Security, Medicare, Medicaid or other entitlement programs.

The president is scheduled to highlight his budget priorities at a 10:45 a.m. appearance in the White House Grand Foyer.

Presidential Press Secretary Robert Gibbs will fill in some of the blanks at an afternoon briefing with reporters.

Last year's $3.5 trillion budget passed on a party-line vote.

The government's fiscal year runs from October of one year through September of the next.


 
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