Truthseeker420
Gold Member
President Barack Obama says his budget blueprint unveiled Monday would result in $2 trillion of reduced deficits over the next 10 years.
Obama's budget plan expects savings of about $1 trillion to come from domestic spending reductions and ending certain tax breaks. But in addition, his budget anticipates another $1 trillion in savings in the projected cost of overseas military operations over the next 10 years.
The National Commission on Fiscal Responsibility and Reform he created last year came up with a plan that it said would achieve almost twice the amount of deficit reduction in Obama's 10-year proposal.
Why would Obamas proposal, if enacted, fall short of the one offered in December by the commission headed by Erskine Bowles and Alan Simpson? What could they do that Obama and his budget planners couldn?
Comparing Obama's plan with his commission's - politics - msnbc.com
Obama's budget plan expects savings of about $1 trillion to come from domestic spending reductions and ending certain tax breaks. But in addition, his budget anticipates another $1 trillion in savings in the projected cost of overseas military operations over the next 10 years.
The National Commission on Fiscal Responsibility and Reform he created last year came up with a plan that it said would achieve almost twice the amount of deficit reduction in Obama's 10-year proposal.
Why would Obamas proposal, if enacted, fall short of the one offered in December by the commission headed by Erskine Bowles and Alan Simpson? What could they do that Obama and his budget planners couldn?
Comparing Obama's plan with his commission's - politics - msnbc.com