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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Mac Con Ulaidh who wrote (65722)11/27/2009 3:43:35 PM
From: Wharf Rat  Read Replies (3) | Respond to of 149317
 
You can't balance the budget with Iraq War savings if you blow if all in Afghanistan. Guns and butter? If we could afford guns, we could have guns and butter, if we could afford butter.

Obama's First Budget Seeks To Trim Deficit
Plan Would Cut War Spending, Increase Taxes on the Wealthy

By Lori Montgomery and Ceci Connolly
Washington Post Staff Writers
Sunday, February 22, 2009

President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.....
...To get there, Obama proposes to cut spending and raise taxes. The savings would come primarily from "winding down the war" in Iraq, a senior administration official said. The budget assumes continued spending on "overseas military contingency operations" throughout Obama's presidency, the official said, but that number is lower than the nearly $190 billion budgeted for Iraq and Afghanistan last year.

washingtonpost.com