Obama presents his budget proposal,president proud saving US economy

Posted On 02 Feb 2015
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Tag: Obama presents his budget proposal, president proud saving US economy

A day declared “proud to have saved the economy” of the country after the acute financial crisis in 2008, President Barack Obama presented on Monday its budget proposal for fiscal year 2016, where he asked $ 4 trillion to an ambitious program of public works tax credits for middle class and a wage increase of 1.3 percent for federal employees and troops.

The document focuses its proposals in the “economy of the middle class” that permeated his penultimate State of the Union and that seems doomed to face strong opposition in the Republican Congress.

The reason the draft budget for 2016 envisages that increase public spending and a tax reform so that the rich pay more taxes, a point that has been rejected by Republicans.

On Sunday, the chairman of the Committee on Ways and Means of the House of Representatives, Paul Ryan (R-Wisconsin) appeared on television saying that taxes raised by Obama for the wealthy are an “economy of envy”.

Obama defends economic growth during his tenure

Knower hard battle deliver his budget proposal in Congress, President Obama gave an interview to GPS program on CNN in which he said: “I am proud of having saved the economy.”

Obama, who has two years in the White House, was responding to a question on which considered the greatest successes of his administration, which also said to have avoided another Great Depression.

The president acknowledged, however, that we still have “a long way to go,” but that economic stabilization achieved in recent years “has laid the foundations for progress” says the agency Efe.

“Thus, we now have the ability to face what was the underlying theme of my campaign in 2008, and that is to restore based on the middle class and the ability of people to join the middle class economy,” he added.

His budget proposal

For years, the annual budget proposal Obama remains a mere declaration of intent and all indications are that this time so will, as Republicans control since the beginning of the month both houses of Congress have expressed their opposition to president’s plan.

In an article published this week by The Huffington Post, Obama explained that his budget “completely reversed” known automatic spending cuts as “kidnapping”, which entered into force in March 2013 to reduce the deficit.

Those cuts, worth 1.2 billion until 2023, affected many government social programs and, in particular, the Pentagon budget.

According to the White House, Obama asked in his plan an increase of 74,000 billion for discretionary spending, which represents an increase of 7% over the levels set by these cuts.

Obama wants to increase defense spending, which do support the Republicans since the US still present in Afghanistan and is engaged in a military campaign against the jihadists of the Islamic State (ISIS, for its acronym in English) in Iraq and Syria.

But conservatives support Obama not intend to spend more public money on health and education and, in fact, threaten to use their majority in Congress to pass legislation to dismantle health reform president and executive measures to regularize five million of undocumented immigrants.

What also has run for years with the outright rejection of Republicans Obama is the idea of ​​carrying out a tax reform to “closing tax loopholes” that benefit the wealthiest Americans.

The labeled ‘liberal and irresponsible’

Obama “is the most liberal and irresponsible fiscal president we’ve had in history,” complained the owner of the Senate Finance Committee, the Utah Republican Orrin Hatch, after knowing the details of the budget plan.

According revealed in recent days by Obama himself and the White House, the project of President seeks new investments in centers of advanced manufacturing and rebuilding “crumbling infrastructure” as well as ensuring paid sick leave for working parents.

Another of his “pragmatic” proposals, in the words of Obama, is that they are free the first two years of community college (public higher education) , as presented by the president earlier this month.

As for health, the budget contains a request to raise more than 1,200 billion federal spending to combat infections caused by antibiotic-resistant bacteria.

Also a public investment plan, valued at $ 215 million to boost precision medicine , which focuses on personalized treatments based on the genetic study and other factors.

On the other hand, Efe stresses that the ruling prompted a round of 1,000 million dollars in aid to Central America after the migration crisis last year, when thousands of children in that region alone crossed the southern border of the United States.

Obama will present the budget at the headquarters of the Department of Homeland Security (DHS) , a symbolic gesture, according to spokesman Josh Earnest, to urge Republicans to “disallow” that paralyze government agency from February 27, when you run out of funds to operate.

The House passed the 14 January a bill to fund the DHS beyond that date, but it eliminates the funds to implement executive actions announced by Obama in November to temporarily regularize 5 of the more than 11 million undocumented immigrants living in the country.

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