President Barack Obama vowed to cut $4 trillion in cumulative deficits within 12 years through a combination of spending cuts and tax increases, setting the stage for a fight with congressional Republicans over the nation’s priorities.
In presenting his long-term plan for closing the budget shortfall, Obama set a target of reducing the annual U.S. deficit to 2.5 percent of gross domestic product by 2015, compared with 10.9 percent of GDP projected for this year. He reiterated his support for overhauling the tax code to lower rates while closing loopholes and ending some breaks to increase revenue.
“We have to live within our means, reduce our deficit, and get back on a path that will allow us to pay down our debt,” Obama said in a speech today at George Washington University in the capital. “And we have to do it in a way that protects the recovery.”
Wednesday, April 13, 2011
Obama Offers Plan to Trim $4 Trillion From Deficit in 12 Years - Bloomberg
via bloomberg.com
Tuesday, April 12, 2011
Trump and Huckabee Lead the Pack
A new CNN/Opinion Research poll finds Donald Trump is now tied with Mike Huckabee for first place when Republicans are asked who they support for the GOP presidential nomination in 2012.Trump and Huckabee are both at 19% support, followed by Sarah Palin at 12%, Mitt Romney at 11% and Newt Gingrich at 11%.
Adobe unveils new Creative Suite 5.5 product line - BusinessWeek
Adobe Systems Inc. is targeting smartphones and tablets with new technology that the software makers said Monday will aid designers and developers.
Adobe Creative Suite 5.5 includes the Web Premium Suite, which focuses on mobile applications on Android, Blackberry, Tablet OS, iOS and other platforms. It also uses HTML5 to make rich browser-based content across screens and uses Flash Player for videos, casual games and Internet applications.
via businessweek.com
Monday, April 11, 2011
Gas Prices Rise, and Economists Look for Fallout - NYTimes.com
Gas prices are approaching record highs, but so far most Americans do not appear to be drastically cutting back their driving or even their spending as they did in 2008.
via nytimes.com
Japan Raising Nuclea
Japan Raising Nuclear Crisis Level To Highest – Jackson News Story – WAPT Jackson: TOKYO — News reports say J... http://twurl.nl/nnsdyu
Japan Raising Nuclear Crisis Level To Highest - Jackson News Story - WAPT Jackson
TOKYO -- News reports say Japan has decided to raise the severity level of the crisis at its tsunami-stricken nuclear power plant to 7 -- the highest level and equal to the 1986 disaster at Chernobyl in the former Soviet Union. Quoting sources at Japan's Nuclear and Industrial Safety Agency, Kyodo News agency and public broadcaster NHK both said Tuesday that NISA would raise the severity level of the nuclear radiation disaster at the Fukushima Dai-ichi plant to 7 from the current 5. NISA spokesman Minoru Oogoda declined to confirm the reports.
via wapt.com
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