View Full Version : Obama may drop "Cap n trade"

11-13-2009, 12:57 PM

President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 Ė and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning.

The president's plan, which the officials said was under discussion before this monthís Democratic election setbacks, represents both a practical and a political calculation by this White House.

On the practical side, Obama has spent more money on new programs in nine months than Bill Clinton did in eight years, pushing the annual deficit to $1.4 trillion. This leaves little room for big spending initiatives.

On the political side, Obama can help moderate Democrats avoid some tough votes in an election year and, perhaps more importantly, calm the nerves of independent voters who are voicing big concerns with the big spending and deficits. Even if Obama succeeds - and thatís a big if - it will be tough for many Democrats to sell themselves as deeply concerned about spending after voting for the stimulus, the bailouts, the health care legislation and a plan to address global warming, four enormous government programs.

God Bless America, if we get riled up enough we can do anything. Lets start an "End the Income Tax" effort. ;)

11-13-2009, 06:10 PM
he's gonna blow his wad before 2010. lets not standdown now

11-13-2009, 08:48 PM
The carbon tax would actually help his budget by bringing in a ton of new money, so I wouldn't celebrate just yet.

11-20-2009, 05:55 AM
Make weed legal and that should take care of the budget problem, than get rid of the Fed, the IRS, the Income tax and throw all of those bums out of office.