Changes

Jump to navigation Jump to search
1 byte removed ,  04:36, September 18, 2016
Spelling/Grammar Check & Cleanup
Line 46: Line 46:  
The chairman of the Senate Budget Committee was conservative Democrat [[Kent Conrad]] of [[North Dakota]], a deficit hawk who said he was "very uncomfortable with the build-up of debt" and urged Obama to make good on his promise to overhaul federal retirement and health-care programs. Conrad called for "more discipline on the spending side."<ref>[http://www.washingtonpost.com/wp-dyn/content/article/2009/02/28/AR2009022801960.html?hpid=topnews Battle Lines Quickly Set Over Planned Policy Shifts] ''[[Washington Post]]'' Mar. 1, 2009</ref>
 
The chairman of the Senate Budget Committee was conservative Democrat [[Kent Conrad]] of [[North Dakota]], a deficit hawk who said he was "very uncomfortable with the build-up of debt" and urged Obama to make good on his promise to overhaul federal retirement and health-care programs. Conrad called for "more discipline on the spending side."<ref>[http://www.washingtonpost.com/wp-dyn/content/article/2009/02/28/AR2009022801960.html?hpid=topnews Battle Lines Quickly Set Over Planned Policy Shifts] ''[[Washington Post]]'' Mar. 1, 2009</ref>
   −
The Obama Administration based its domestic policies on the assumption of a rapid economic recovery generating the tax revenue needed to fund [[Direct spending|permanent new spending]] program for [[Obamacare]] and "greening the economy".  Administration forecasts were more starry-eyed than private sector forecasts. Both parties agree that stimulus spending is needed to deal with the recession but Congress is unlikely to approve permanent new spending programs unless the economy improves, since a large number of conservative Democrats were elected who may vote with Republicans to keep down spending and deficits.<ref>[http://www.nytimes.com/2009/02/28/business/economy/28recession.html?_r=1&th&emc=th Sharper Downturn Clouds Obama Spending Plans], Peter S. Goodman, ''[[The New York Times]]'' Feb. 27, 2009]</ref>
+
The Obama Administration based its domestic policies on the assumption of a rapid economic recovery generating the tax revenue needed to fund [[Direct spending|permanent new spending]] program for [[Obamacare]] and "greening the economy".  Administration forecasts were more starry-eyed than private sector forecasts. Both parties agree that stimulus spending is needed to deal with the recession but Congress is unlikely to approve permanent new spending programs unless the economy improves, since a large number of conservative Democrats were elected who may vote with Republicans to keep down spending and deficits.<ref>[http://www.nytimes.com/2009/02/28/business/economy/28recession.html?_r=1&th&emc=th Sharper Downturn Clouds Obama Spending Plans], Peter S. Goodman, ''[[The New York Times]]'' Feb. 27, 2009</ref>
    
==== FY 2011 Budget ====
 
==== FY 2011 Budget ====
Block, SkipCaptcha, apieditor, Automoderated users, Bots, edit, ratelimit-exempt
59,616

edits

Navigation menu