Obama Budget Chief Defends Plan on Capitol Hill

By: Associated Press
By: Associated Press

Barack Obama's budget chief is on Capitol Hill defending the president's $3.6 trillion budget for next year as an honest accounting of the government's bleak fiscal woes.

Budget director Peter Orszag says Obama inherited a whopping deficit and an economy in crisis but that shouldn't block investments in education and an overhaul of the U.S. health care system to help the uninsured.

Orszag defended Obama's plan to raise taxes on people making $250,000 or more, saying the tax policies of President Bush transferred too much wealth to the rich.

Obama's budget is a nonbinding plan that will be reviewed extensively by Congress. It's an ambitious rewrite of the nation's priorities on health care, taxes and global warming, but faces big challenges because of its numerous controversial proposals.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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  • by Adrian on Mar 3, 2009 at 04:22 PM
    You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend is about the end of any nation. You cannot multiply wealth by dividing it.
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