United States President Barack Obama last night slammed Republican austerity plan and oppose reducing Medicare and Medicaid spending. At the same time raised a total amount of us $ 4 trillion package of long-term deficit reduction plan. From a certain extent, the United States government deficit reduction plan duel can also look for the 2012 United States presidential election begins previews.
Obama pointed out that, no matter how the Government's deficit reduction plan, both parts must include raising revenue and cutting expenditure. Simple sides with one of these policies were not conducive to the solution of the problem. Obama said in the Bush era the rich made large-scale plans in Jianshui County, there is a serious problem, need to make massive changes, he believes that for those earning more than $ 250,000 families to pay higher taxes, is to make United States fiscal deficit in 2014 drops to a key within the control. He also stressed the importance of the protection of economic growth, stressing that only economic development can promote employment growth.
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the President Obama clearly turning the fire, the Obama administration, for a time before attempting to start with the cut military spending, solve the problem of excessive expenditure. However, strong resistance by the arms lobby in the country, at the same time the State Governments also criticize, because it could be to the employment situation of these arms companies. While the Obama administration put the brain to the how to increase their income above.
the Obama administration last week agreed to a compromise $ 38 billion fiscal spending cuts package, avoiding the United States Government was forced to close due to lack of money. While the Obama administration intends to thoroughly solve the problem of current borrowing too much. Current United States national debt is more than 14 trillion dollars, in accordance with such speed, economists fear United States economy will soon be overwhelmed, huge interest on the debt will destroy the current economic recovery.
4 trillion in fiscal expenditure cuts of Obama, US $ 2 trillion from the budget reduction of various sectors, US $ 1 trillion to derived from the tax system and rectification, cancel some tax cuts and increased the intensity of tax checks to avoid tax evasion behavior. Remaining by reducing the national debt interest payments, reducing new projects, and other ways to achieve.
set in the era after the expiration of the rich tax cuts the Bush Administration will not be extended, this will also contribute to fiscal balance, additionally prior to 2023 the Government intends to cut military spending of US $ 400 billion to reduce agricultural production subsidies, reducing domestic investment projects.
of course, it made certain concessions to the Obama administration would, for example, as shown in the plan, still cut medical benefit 33 million older persons. But will have no income families, providing another health care plan.
4 trillion of the Obama plan is made to the, number is also very loud, can be passed by Congress is another matter.
