Obama Administration tries to sell huge deficit

President Barack Obamas secretaries of defense and treasury are defending his $3.8 trillion budget to lawmakers on Capitol Hill. But you dont hear them talk about the $1.56 trillion deficit it would produce, or how they would have to borrow a third of each dollar they spend next year. And though lawmakers at the hearings said they are concerned about how the budget will affect average Americans, the ones who showed up with a voice at these hearings, were shown the door

Category:

News & Politics

Tags:

• RT
• Russia Today
• Barack Obama
• President obama budget
• U.S. deficit
• secretary gates
• secretary geithner
• lauren lyster
• washington DC
• $3.8 trillion budget
• budget deficit
• code pink
• codepink
• tighe barry
• timothy geithner
• defense secretary
• treasury secretary
• robert gates
• medea benjamin
• max baucus
• jim web
• blanche lincoln

[silversobe]

Like George Carlin said, "they don't care about you."

[NovusChaoMundi]

Stock up on silver and gold because your money won't be any good in the future

[houndproject]

A certain movie director is using Obama commercially.

watch?v=gFXk-4E4-BE

Can you forgive him? :-(

[Flankymanga]

Ah and one more thing mister "wise" - financial costs of war in Iraq and Afghanistan are not part of the DoD budget they are appropriations - $704 billions has been spent in Iraq alone. Isn't that quite a lot of money? So i really wonder who is the moron here...

[Flankymanga]

Quite a lot don't you think?

[FrankinHolland]

Wow you are on drugs or a moron. Military spending is down to about 17% of the budget. Retirement entitlements are what is breaking the bank.

[Flankymanga]

You know whats really annoying about all this is that most of the budget goes to military. And if they have to borrow the money from somewhere in order to fullfill the military needs whoose money thoose are. Well the money come from american banks. And the banks got most of the money from foreign investors or companies that seek foreign investment. So the money they use to wage wars are from the entire world. the money are not their own....

[DiscoverRussia]

Russia Today TV is not only Russian news provider, but allso global news provider.

Russia Today TV is in English, Arabic and Spanish language...and dedicated to people all across the world by cable, satelite and on-line.

RussiaToday TV has corespondents in USA, Europe, Asia and other continents allso.

[youstupidwoman]

unfuckin believable, gates is a black water ass fuck and they (the chicken shit cowards hiding in there bunkers)just give him more money to spend on murdering people for short term political gain in the Us , (go a head make my midday snack who started this shit any way )

[playmarto]

A Chinese American presenting russian news. WTF, LMAO!.

[dave777blaster]

you can't hold a sign ,can't speak.

while the military get the meat, the banks get cake, the rest get crumbsand the American people get hog tied.

this is a criminal Govt

Americans will begin to drop like flies from starvation in a few years.

No use asking for a job 26% of remaining jobs are slated for removal .

[cerritoboy]

We should banish al the financial institutions in the US: that includes the FED, the IRS, and FALL STREET!