A post from President Obama to me
Ana –
Last night, I addressed a joint session of Congress for the first time.
To confront the serious economic challenges our nation faces, I called for a new era of responsibility and cooperation. We need to look beyond short term political calculations and make vital investments in health care, energy, and education that will make America stronger and more prosperous well into the future.
Watch a few highlights from my address and share it with your friends now:
A little more than a month into my administration, we’ve already taken bold steps to address our urgent economic problems.
Through the Recovery Act, the Stability Plan, and the Housing Plan, we’re taking the immediate necessary measures to halt our economic downturn and provide much-needed assistance to working people and their families.
But to set our country on a new course of stability and prosperity, we must reject the old ways of doing business in Washington. We can no longer tolerate fiscal deficits and runaway spending while deferring the consequences to future generations.
That’s why I pledged last night to cut our deficit in half by the end of my term. Achieving that goal will require making sacrifices and hard decisions, as well as an honest budgeting process that is straight with taxpayers about where their dollars are going.
Watch some key moments from my address now:
http://my.barackobama.com/presidentialaddress
Central to this plan will be a renewed commitment to honesty and transparency in government. Restoring our country’s economic health will only happen when ordinary citizens are given the opportunity to hold their representatives fully accountable for the decisions they make.
I look forward to continuing to work with you as we bring about the change you made possible.
Thank you,
President Barack Obama
02/26/2009 at 11:39
There are 10^11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
~ Richard Feynman (1918 – 1988)
02/26/2009 at 12:02
Obama’s Budget: What He’s Proposing
Topics:Barack Obama | Inflation | Federal Budget (U.S.) | Economy (Global) | Economy (U.S.)
http://www.cnbc.com/id/15840232?video=1045687816
President Barack Obama plans Thursday to release an outline of his budget that will detail his spending and revenue proposals for next year and set out a goal of cutting the ballooning budget deficit in half by 2013.
Here are some details of what he is expected to propose:
Deficit
Barack Obama
In early January, just a few weeks before Obama took office, the nonpartisan Congressional Budget Office projected that the budget deficit would soar to $1.2 trillion for the current 2009 fiscal year that ends Sept. 30. The deficit totaled $455 billion in 2008.