Obama Calls His Budget Needed Change

Peter Baker of the New York Times posted an article titled "Obama Calls His Budget Needed Change." President Obama described his budget proposal as “a threat to the status quo in Washington” but has special interests to expand health care, curb pollution and improve education.
The president said, “I came to provide the sweeping change that this country demanded when it went to the polls in November. That is the change this budget starts to make, and that is the change I’ll be fighting for in the weeks ahead.”
There is a $3.6 trillion budget for the year 2010. Obama wants to extend health coverage to the more than 40 million uninsured, revamp industry so that it stops producing so many emissions that cause climate change, develop alternative energy sources and invest billions of dollars more in education.
He also wants to restructure the tax code to shift more of the burden from lower- and middle-income workers to the rich to reverse the widening income gap. And he promised to bring the federal deficit, projected to reach $1.75 trillion this year, under control by 2013. Obama says that banks, insurance companies, and oil companies won't like his idea.
Republicans think that Obama's plan is a "job killer." Senator Richard Burr of North Carolina argued that the Obama plan represented out-of-control spending that would drive the nation deeper into debt.

I think there are both good points and bad pints to Obama's plan. I hope it works but everybody's going to have to wait and find out. I don't think the plan is a "job killer" like most of the republicans think so. The banks and insurance companies probably wn't like it but there are a lot of people that are not involved in the banks and insurance companies that are going to love this plan if it actually works. It would benefit more people than it would hurt.