Examining the Proposed Budget

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Uploaded by on Feb 1, 2010

President Obama proposed his budget on Monday that would boost the national deficit to $1.56 trillion. David Mark, Senior Editor for Politico, offers some insight on what's in the budget and the fine line President Obama is walking when it comes to spending and saving.

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  • @menaceh2k

    And maybe they even saw that they were getting a raw deal, less freedom than they were told they had, that kind of thing?

    :)

  • @menaceh2k

    Did it ever occur to you that maybe just maybe those markets opening up have exposed the American administration & brain washing tactics they have employed on their people for some considerable time now?

    That Americans began to travel, talk to people like you & I are here, read information they had never nor could ever read before as it is in few libraries there?

    Maybe they saw opportunities everywhere?

    Maybe they saw they are no more special than the next person in *** country?

  • @menaceh2k  Please do not take this the wromg way as I do not hate Americans, I have lived there and have many friends there, but the EU has not looked towards the US for some time, nor has most of Asia, they are way ahead, Australia certainly don't nor Russia and the middle East just wants to be left alone.

    I'm afraid that the hog wash media there has sold you down the river on that one to.

  • @menaceh2k Interesting, may I ask do you think that because you have little general knowledge about entrepreneurs or other countries? People like Sir Timothy John "Tim" Berners-Lee? Sir Richard Branson? Peter Jones? Charles Dunstone? Patrick McKenna? Anita Roddick? To name but a long list from my own country, and you will find the same in every other country in the world. The idea that the USA has more per capita or are some how better I fear is a home brewed idea.

    cont...

  • There are also several convergent forces at work that has opened the whole world to an horizontal trading possition, that will not be hampered by politics and patriotism.

    Globalization, broadband, the millenial generation, improvements in international logistics, just to name a few.

    The playing field in evening out across the board, facilitating international commerce for anyone. Americans, just have more opportunities (capital/talent pool), that is why I say they will continue to lead.

  • @kinkspace. I will agree with you on the point that political corruption has stiffed innovation in America. I will, however, stick to the notion that the US will continue to be the leader in innovation. The simple fact is, the US is one of the few countries that has, from its birth, bred an entrepreneurial climate. The rich diversity of its population is another significant factor.

    Many countries are jumping on the band wagon of innovation, but who do they look at as a model?

  • @menaceh2k Whilst I agree in every nation the human innovators exist, America is no exception to this, the climate there for those not in the corruption loop so to speak is not a good one to nurture innovation.

    The most innovating thing Americans can do whatever their politics is claim back the senate and congress for it's people rather than allowing the very cooperations that caused the global economic collapse to continue running it.

  • @menaceh2k

    "the so called wilting and falling apart, is only a consequence of a globalized economic movement. we are still the innovators and we still lead the world."

    Wrong, the global economic climate is caused by the corruption in the US administration Robbing not just American people but people all over the world. America does not lead the world It is on its knees the dollar is not the world currency any longer in fact technically it is not a currency but a credit note.

    cont...

  • Our country is not wilting, falling apart, and old. lol. we are actually a young country. the so called wilting and falling apart, is only a consequence of a globalized economic movement. we are still the innovators and we still lead the world.

    Guys, since there are so many moving parts in US politics/economy, it is easy to misinterpret certain actions. The "budget surplus" is more like additional capital needed to run a business. US at the end of the day functions like a giant business.

  • Our country is wilting, falling apart, and old.

    Why should the Democrats hand a budget surplus to Republicans? They will only squander it on the rich, on banks, and on wars.

    At the end of this at least we'll have a modern culture. Yeah, wake up, China has new everything. America is falling apart.

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