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The Road to Recovery: Do a Budget

President Obama took the advice of Bret and Jemaine from Flight of the Conchords and asked Peter Orszag, Director of the Office of Management and Budget, to "do a budget" for the fiscal year of 2010. Orszag (seen here estimating how many Americans are still gainfully employed) writes about his approach..


President Obama took the advice of Bret and Jemaine from Flight of the Conchords and asked Peter Orszag, Director of the Office of Management and Budget, to "do a budget" for the fiscal year of 2010.Orszag (seen here estimating how many Americans are still gainfully employed) writes about his approach to the task in his first ever post on the new OMB blog. OMG! He says his big goals were 1) do away with accounting gimmicks that have made past budgets look better than they were, 2) halve the deficit in Obama's first term, 3) set aside cash for reforming health care, and 4) invest in education and energy.The Washington Post talks about how unhappy Republicans are with the budget in a piece titled "Republicans Attack Obama Budget, Call It Loaded With Spending". Indeed, being a budget, it contains lists of expenses. They're mostly mad that Obama plans to let tax cuts for the rich expire and start fining companies for carbon emissions that exceed a certain level.Robert Reich loves it because, "it represents the biggest redistribution of income from the wealthy to the middle class and poor this nation has seen in more than forty years." I guess you can say that kind of thing out loud these days.You can see the full budget for yourself here.
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