President Barack Obama sent Congress a nearly $4 trillion budget on Monday. The President says this budget will pour money into the fight against unemployment.
The deficit this year would surge to a record-breaking $1.56 trillion.
President Barack Obama sent Congress a nearly $4 trillion budget on Monday. The President says this budget will pour money into the fight against unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011.
Senate Republican leader Mitch McConnell says “this budget is more of the same, more spending, more taxes and more debt.”
What do you think about the President’s budget? Let me know your thoughts.
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