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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 413.19

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Jan 6 4:00 PM EST

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To: Elroy Jetson who wrote (111228)	3/17/2015 1:20:24 PM
From: Alex MG	Read Replies (1) of 219051

surprise surprise republicons want to increase military spending while cutting social programs you just can't fix stupid On Tuesday, Republicans in the House of Representatives unveiled a $3.8 trillion budget plan for next year that effectively breaks tight budget restraints on military spending while promising a familiar roster of big cuts to social programs that almost certainly will not be approved. Obama responded that the Republican plan will not help boost the middle class, fails to invest in infrastructure and does not reflect the country's future needs. The new Republican budget pads Pentagon and State Department accounts for overseas operations " a sleight of hand that has raised objections from some conservative groups and is unlikely to win approval in the Republican-controlled Senate. The overseas account, separate from the core defense budget, has covered the cost of two wars in Iraq and Afghanistan since the military campaign began in 2001. The Republican leadership is also struggling to calm tensions between defense hawks who want more money for the Pentagon and budget hard-liners who want to rein in federal spending. That may create an opening for Obama to exploit the fact that his budget calls for more money for defense than many conservative Republicans are willing to spend. "They have Republicans in a bind " they really do," said Steve Bell, a former Republican director of the Senate Budget Committee. "The Republican Party, which used to be the party of hawks, is now split."

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