On Monday, NASA administrator Charlie Bolden unveiled both Obama's proposed space budget through 2015 and the Administration's plans for how that money should be spent. Your email address will not be published. His remarks reflected the White House's argument that Obama's blend of tax increases and spending cuts have widespread public support and will ultimately change the terms of the fiscal debate in Washington. Earlier today, President Obama spoke at the Kennedy Space Center, outlining the future of the US space program, including a $6 billion budget increase and plans to go to Mars. WASHINGTON -- The budget plan released by President Barack Obama on Wednesday includes a renewed proposal to hike the pension contributions of government employees, angering federal worker groups who say they're already being hit with furloughs and pay-rate freezes as Washington wrestles over spending. The budget plan includes discretionary spending only — the portion of government spending that is set by annual appropriation acts. Obama Budget Plan. President Obama kicked off this afternoon's "Fiscal Responsibility Summit" at the White House by announcing what his aides had leaked over the weekend: That he intends to halve the country's budget deficit by the end of his first term.. By contrast, little news is expected on the entitlements front. ... it’s on the list of tax-saving strategies under attack in the FY2016 budget. Deficit reduction takes a back seat to job growth in the federal budget President Obama will unveil Monday. Required fields are marked * Comment. Obama has been presented with 2 solid budget plans, The Ryan Plan and Cut, Cap, and Balance. Name * Email * Website. Obama's budget plan Unseriously unfair. … President Barack Obama's first budget plan moves aggressively to tackle climate change and shift the nation from reliance on foreign oil to green energy. Obama Budget Would Upend Estate Plans. By Jeanne Sahadi, senior writer. One new addition is the Buffett Rule, but there's still not much detail on how it would work. Obama Budget Plan Protects Families and Seniors David Streeter — April 13, 2011 – 3:42 pm | Barack Obama | Domestic Policy | Economy | Health Care Comments (0) Add a comment. Obama's 2013 budget includes many tax proposals he has offered in his three previous fiscal plans. Cybersecurity National Action Plan: The President's budget invests more than $19 billion to strengthen our nation's cybersecurity – a more than 35 percent increase from last year’s request. Obama's budget, which was submitted two months late, is supposed to cover the government's expenses for the twelve months beginning October 1, 2013, slightly less than six … President Barack Obama delivered an address today that laid out his budget plan for 2012 as well as his plan for decreasing the national debt over time. Even before passage of his $787 billion stimulus plan, the president's budget writers foresaw an inherited deficit of $1.3 trillion, equivalent to 9% of the nation's gross domestic product. Obama’s plan balances the budget. That is a 2.4% reduction from the current year. Mr Obama's budget proposal envisages total spending of $3.73tn in the 2012 budget year, which begins in October. by RS Team | Jan 15, 2016 | Videos | 0 comments. Obama budget ends return-to-moon plan President Barack Obama is essentially grounding plans to return astronauts to the moon and instead is sending NASA … Mr. Obama said his proposal would cut federal budget deficits by a cumulative $4 trillion over 12 years, compared with a deficit reduction of $4.4 trillion over 10 years in the Republican plan. WASHINGTON (CNNMoney) - President Obama on Monday will unveil a $3.7 trillion budget request for 2012 that proposes painful cuts in many government programs but fails to address the largest drivers of the country's long-term debt: Medicare, Medicaid and Social Security. PAKISTAN — Business Recorder, (Feb. 27): Obama unveiled a $663.7 billion defense budget, up a modest 1.5 percent on 2009, but projected a sharp decline in spending on wars in Iraq and Afghanistan in the coming years. President Barack Obama's Fiscal Year 2016 Budget was unveiled Monday to the American public, along with the Department of Treasury's Greenbook, which … Obama unveils first budget plan Spending and tax outline proposes dramatic health care overhaul - vows to slash deficit, projected at $1.75 trillion in '09. Obama's budget speech misled about the fairness of tax hikes on the rich whilst evading the need for either middle-class hikes or major entitlement reform Obama rejected a House Republican plan that aims to balance the budget in 10 years with steep cuts in domestic spending. Submit a Comment Cancel reply. On February 9th, President Obama sent off the last budget proposal of his presidency to be approved by congress. The spending plan forecasts more red ink in the current fiscal year than in 2011. President Obama’s budget plan tries to trim a deficit estimated at $1.75 trillion for 2009 as it redirects wide streams of spending. BOTH were rejected! The White House said the 2017 budget is primarily focused on future savings; however, the president also listed some projects that he wants to fund next year.. This site uses Akismet to reduce spam. Democrat Senator majority leader Harry Reid would not even allow the Ryan bill or Cut, Cap, and Balance to be debated on the Senate floor! 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