Can We Solve America's Debt Puzzle?
FY 2011 Continuing Resolution vs Obama's FY 2012 Budget
Sunday, February 20, 2011
Archive: Publications, Weekly Wrap
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| Diane W. Collins |
Welcome to the Weekly Wrap. I’m Diane Collins.
President Obama released his FY 2012 budget on Monday. His attempt to balance additional spending or "investment" couched with meager budget cuts drew disdain from both sides. During congressional committee hearings federal department heads gave testimony on the use of the proposed budget funds. Apparently, they believe business will continue little changed from last year. Listening to the President and his administration one could feel justifiably frustrated but, there was hope. It came in the form of left-over-business. H.R.1, the FY 2011 "continuing resolution" funding the federal government for the next seven months passed the House. It proposes to cut 61 billion over the next seven months from last year's failed budget.
The juxtaposition of the two ideologies represented on one side by President Obama's FY 2012 budget and on the other by the Republicans advance of the FY 2011 "continuing resolution" left a nation beleaguered by debt incredulous. It confirmed the President is out of touch and has not heard the American people crying out against the crushing debt we fear will come to ruin the country we love... more
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