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cbo: president039s speech not a serious budget plan

on february 15 the president submitted his fiscal year 2012 budget the disappointing proposal was roundly rejected across the political spectrum for its lack of seriousness given the fiscal and economic challenges before us on march 18 the cbo offered a preliminary analysis of the president039s budget noting that under the president039s budget: - federal spending never falls below 23 percent of gdp -- washington will spend over 46 trillion over the next decade - cumulative deficits are 23 trillion higher than omb estimated- the debt increases by 18 trillion more than omb estimate nearly tripling the debt at the end of the budget windowon april 13 the president gave a speech in which he offered his opinion on the path to prosperity -- a budget that brought an unprecedented level of seriousness to washington039s budget debate the president and spoke generally of deficit reduction proposals that his administration has sold as a new budget plan but the president has not submitted a new budget to congress the president039s initial budget proposal remains his budget plan for the united states while many have falsely framed his april 13 speech as a new budget plan congress has not received from the office of management and budget any of the proposals mentioned in the speech all that the obama administration has produced is a list of talking points issued by the white house press officeas cbo director doug elmendorf confirmed today at the house budget committee the president039s quotframeworkquot fails to meet the threshold of credibility that is required of serious federal budget plans until the president is willing to put forward a serious plan to avert a debt crisis -- a plan with real credible numbers -- the nation will continue to suffer from a leadership deficit in washington that is hindering our economic recovery and impeding job growth today
change direction 2

change direction
real sht: felonious munk presents quotstop it b obama pay your fckin billquot

quotfelonious munk speaks on the economic state of america and why we shouldn039t pay our billsquot
thom hartmann amp a libertarian caller have it out

progressive radio talk show host thom hartmann recieves a call from a man with the answer to greece039s debt crisis and some advice for the us debt situation
bachmann: i call on obama to quottell the truthquot

rep michele bachmann r-minn says president obama and treasury secy tim geithner are trying to pass a misnomer to the public about the debt ceiling
stalemate in congress over debt deal

despite the constant flow of ideas from both sides of congress a debt limit deal that could actually pass remains obscure whit johnson reports on the status of the deficit talks with the aug 2 deadline looming
countdown with keith olbermann 1b - the debt ceiling

countdown with keith olbermann 1b - the debt ceiling
jim rogers: europe will have to love china like never before

rt talks to jim rogers financial investor and commentator rt on facebook: http:wwwfacebookcomrtnewsrt on twitter: http:twittercomrt_com
obama on economy: won039t be solved overnight

president obama addressed the nation039s economy and unemployment rate during a news conference at the white house mr obama said quotthe truth is our economic challenges aren039t going to be solved overnightquot
countdown with keith olbermann 1a - debt duel

countdown with keith olbermann 1a - debt duel7-06-2011
boehner: takes two to tango dems not there yet

republican house majority leader says debt ceiling must be raised but democrats must get quotseriousquot about entitlement reform no tax hikes
max keiser on the greek crisis with greek subtitles

update 3: : http:wpmep3ayp-26a ax keiser : http:wpmep3ayp-24e post blog : http:wpmep3ayp-235max keiser lashing out against goldman sachs defending greece greek subtitles and other effects added you must watch this if you039re interested in the greek debt crisis andor the quotfinancial terroristsquot causing it as max calls them
michele bachmann: new hampshire absence caused by debt ceiling fight

north conway nh -- republican presidential hopeful michele bachmann said sunday that her unsuccessful fight against raising the federal debt ceiling kept her away from new hampshire for nearly four months but she
occupy wall street: student-loan debt among top concerns

by mary pilon of the wall street journal student-loan debt has continued to grow despite a financial crisis that constrained credit elsewhere and the increasing burden amid high unemployment is driving at least part of the protests among the occupy wall street movement
fight the debt limit

quotwhen president obama was sworn into office the debt was 106 trillion this month it039s 143 trillionthe american debt crisis threatens our futurejoin with me in telling washington that the madness ends now and the obama debt limit must not be increasedquot - mark amodei