Practically Speaking
Kyle and her husband moved to Brookfield in 1986. She became active in local politics and started blogging in 2004. Her focus is primarily on local issues but often includes state and national topics, too. Kyle looks at things from the taxpayers' perspective in a creative, yet down to earth way, addressing them from a practical point of view.
Squeezing blood out of turnip: Obama's $1.75 Trillion budget deficit
show graph of deficit/surplus in my pictures
http://apnews.myway.com/article/20090226/D96JA8J83.html
Official: Obama budget sees $1.75 trillion deficit
By MARTIN CRUTSINGER
p {margin:12px 0px 0px 0px;} WASHINGTON
(AP) - President Barack Obama is sending Congress a budget that would
boost taxes on the wealthy and curtail Medicare payments to insurance
companies and hospitals to make way for a $634 billion down payment on
universal health care. Obama's first budget predicts the deficit
for this year will soar to a whopping $1.75 trillion, according to
administration officials who spoke on condition of anonymity before the
public unveiling of the budget Thursday. As part of the effort to
end the nation's financial crisis, the administration will propose
boosting the budget deficit by an additional $250 billion this year -
to the record $1.75 trillion - enough to support as much as $750
billion more in spending under the government's rescue program for
financial institutions. That would more than double the $700 billion
bailout effort passed by Congress last October.
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