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White House to roll out $3.8 trillion budget plan

This one will translate into short term gain and long term pain....

 

aya not enough as long as their money printer got paper and power...can cont'd to print as much as they wan loh.... :P

 

trillion like does it exist??for real i am curious little people so never see before and in little mind cant make it seems real like fairy tale...

 

Just too little to create the job market I suppose!

nickyng      ( Date: 01-Feb-2010 17:39) Posted:         Washington (CNN) -- President Obama will take the wraps off his $3.8 trillion budget plan for fiscal 2011 at a White House ceremony Monday. The spending package comes as the administration struggles to strike a balance between fiscal restraint and job creation in an economy that has struggled to rebound from recession. The federal deficit in 2009 grew by about $1.6 trillion, pushing the nation's total debt to $12 trillion. During last week's State of the Union address, Obama proposed freezing all nonsecurity federal discretionary spending for three years in an effort to save $250 billion.   Nonsecurity discretionary spending refers to an array of domestic programs -- everything from agriculture to energy. The freeze would not apply to Social Security, Medicare, Medicaid or other entitlement programs. The president is scheduled to highlight his budget priorities at a 10:45 a.m. appearance in the White House Grand Foyer. Presidential Press Secretary Robert Gibbs will fill in some of the blanks at an afternoon briefing with reporters. Last year's $3.5 trillion budget passed on a party-line vote. The government's fiscal year runs from October of one year through September of the next.

 

 

 

 

 

Washington (CNN) -- President Obama will take the wraps off his $3.8 trillion budget plan for fiscal 2011 at a White House ceremony Monday.

The spending package comes as the administration struggles to strike a balance between fiscal restraint and job creation in an economy that has struggled to rebound from recession.

The federal deficit in 2009 grew by about $1.6 trillion, pushing the nation's total debt to $12 trillion.

During last week's State of the Union address, Obama proposed freezing all nonsecurity federal discretionary spending for three years in an effort to save $250 billion.

 

Nonsecurity discretionary spending refers to an array of domestic programs -- everything from agriculture to energy. The freeze would not apply to Social Security, Medicare, Medicaid or other entitlement programs.

The president is scheduled to highlight his budget priorities at a 10:45 a.m. appearance in the White House Grand Foyer.

Presidential Press Secretary Robert Gibbs will fill in some of the blanks at an afternoon briefing with reporters.

Last year's $3.5 trillion budget passed on a party-line vote.

The government's fiscal year runs from October of one year through September of the next.