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13 Feb 2012 10:13

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Politics: Rep. Emanuel Cleaver: Obama’s budget a “nervous breakdown on paper”

  • This budget is a nervous breakdown on paper … We are still in a recession. We’re still struggling. Unemployment is still too high in every major city in the country. People are struggling.
  • Rep. Emanuel Cleaver • Offering a tough take on Obama’s forthcoming 2013 budget, which Cleaver suggests leans too heavily on spending cuts. Cleaver, the chair of the Congressional Black Caucus, says that while he disagrees with elements of the budget, the biggest problem Obama’s budget will face, however, is a broken Congress: “It’s going to probably have some difficulties over in the Senate. And it’s probably dead on arrival over at the House,” he told CNN this morning. “But that’s because of Congress is dysfunctional. The danger here is that we’re going to struggle around without addressing the major problems.” source

13 Feb 2012 10:02

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Politics: Three things you should know about Obama’s forthcoming budget plan

  • cuts While still leaning on the “Buffett Rule” that he’s been pushing for months and planning to end the Bush tax cuts for the super-rich, Obama’s plan would also cut $2.50 for each dollar raised from tax proposals affecting high income-earners.
  • jobs With the GOP blocking much of Obama’s job plan last year, he’s taking another try at it, offering up $350 billion in job-growth spending, which includes $50 billion to improve infrastructure and $60 billion to modernize schools.
  • defense Echoing the words of Secretary of Defense Leon Panetta, the budget proposal would cut non-war spending. However, automatic cuts set to kick in next year will likely get replaced by a “balanced deficit-reduction package.” source