President Obama’s New Plan

Zennie Abraham / Zennie62
Zennie Abraham / Zennie62



President Barack Obama has laid out a new deficit plan earlier today, Monday, September 19. The New York Times reports:

“The president proposed raising taxes by $1.5 trillion, mostly on the wealthy, while making only modest cuts in Medicare and Medicaid, and walling off Social Security from any changes. The plan also would reduce military spending by more than $1 trillion.”

And in another New York Times article:

““I will not support any plan that puts all the burden for closing our deficit on ordinary Americans,” he said. “And I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans and biggest corporations to pay their fair share”

See for yourself and make your own assessment:

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    Nikky Raney
    Because I'm Nikky Raney & you're not. Student, blogger & aspiring journalist as well as editor. I have already been a paid journalist and I have a lot of experience. Worked for political campaigns as well as at a television station. I am currently attending New England School of Communications in Bangor, Maine. I was Managing Editor and was one of the creators in 2006 of the largest student run newspaper in New England: The Tide, at Dover High School in Dover, New Hampshire. I was born June 7, 1990 in the Philippines. My personal site is The Future of Journalism - NikkyRaney.com You can follow me on twitter - http://twitter.com/nikkyraney
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