Minggu, 18 September 2011

Obama’s new debt-reduction plan to draw contrasts with Republican vision

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President Obama on Monday will unveil a plan to tame the nation's rocketing federal debt that will draw a sharp contrast with the Republican vision and amount more to an opening play in the fall's debate over the economy than another attempt at finding common ground with the opposing party.

The president will propose $1.5 trillion in new taxes as part of a plan to find at least $3 trillion in budget savings over a decade, according to a person familiar with the matter. Combined with his call earlier this month for $450 billion in new stimulus, the proposal represents a more populist approach to confronting the nation's economic travails than the compromises he advocated this summer.

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Zachary A. Goldfarb 19 Sep, 2011


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Source: http://feeds.washingtonpost.com/click.phdo?i=46cb1b96c62b40147e293b5179cb9b9b
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