Presidents Day 2012

February 13, 2012 by staff 

Presidents Day 2012, Barack Obama was today accused of ignoring the defecit as he called for aggressive spending to boost growth and for higher taxes on the rich, proposing an election-year vision for the U.S.

The President’s 2013 budget proposal to Congress requests more than $800billion for job creation and infrastructure investment, while urging a minimum 30 per cent ‘Buffett Tax’ on millionaires.

In a big opportunity before the November election to convince voters that he deserves a second term, President Obama, 50, earmarked billions of dollars for roads, railways and schools.

‘We built this budget around the idea that our country has always done best when everyone gets a fair shot,’ President Obama said, while also proposing tax breaks should be extended to spur hiring.

He wants the budget to benefit those ‘who have done fantastically well over the last few decades’ and also ‘the middle class, those fighting to get into the middle class and the economy as a whole’.

He added that it rejects economics that have increased the gap between rich and poor. Republicans meanwhile want to paint him as a tax-and-spend liberal while attacking his track record on jobs.

‘This isn’t really a budget at all,’ Senate Republican Leader Mitch McConnell said. ‘It’s a campaign document. The President is shirking his responsibility to lead and using this budget to divide.’

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