2011 budget proposal : No easy ride in Congress
The 2011 budget proposal by the President Barack Obama administration, which promises a non military spending freeze, is being criticised by Republicans for not being tough enough to solve the financial crisis.
EVEN AS US President Barack Obama released an ambitious 2011 budget proposal worth $3.834 trillion on Monday, February 1, the reports on it that have begun coming in suggest it might be another thorny battle in the Congress.
The 2011 budget proposal, which puts $6 billion on clean energy technologies, $100 billion for jobs, $3 billion on increase in public school funding and a three year non military discretionary spending freeze, it is being criticised by Republicans for not being tough enough to solve the financial crisis.
The President Barack Obama budget includes a $6 billion investment in clean energy technologies, a $100 billion job package along with a $3 billion increase in elementary and Secondary Education spending for public schools.
The budget proposal by President Barack Obama can also face rough weather on any possible job cuts it could lead to, at a time when unemployment is around 10 per cent. The cancellation of a NASA program to send astronauts on the moon can be picked up in this regard, as it might lead to layoffs.
Apart from the republican opposition, which may not support it at all, the Congress may also see internal opposition within the Democrats, leading to dissent on the 2011 budget proposal. Here, unemployment would again be a factor, as the Democrats would have to alleviate the concerns of their voters on the issue. They might not support aggressive spending measures, fearing a voter backlash.
The issue of the three year freeze on non military discretionary spending has also called up some storm, as many like House Speaker Nancy Pelosi feel that this freeze should be extended to some military programs too. Then there are those who believe that military spending and in a larger persepective, national security should not be cut down.
The freeze, as per President Barack Obama administration, is expectefd to save $250 billion over the next decade, but this won't be enough to bring down the financial deficit to an acceptable, sustainable level.
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