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Published: Tue, 2 Feb 2010
Description: President Barack Obama's proposed budget, stuffed with initiatives to spark jobs and the economy, is getting an early test with lawmakers weary of record deficits, wary of his tax ideas and nervous about winning re-election in November. VIDEO >>
Full Article: http://www.myfoxboston.com/dpp/news/national/obama-budget-jobs-plan-get-early-tests-on-hill1265115609635
Automatically Generated Transcript (may not be 100% accurate)
" The president heads to New Hampshire today to talk about spending more money for business slows his budget team meanwhile will be here on Capitol Hill. Defending a new budget that is deeply in the red. The new budget book is out and while it is huge the numbers inside are even bigger."
" But the bottom line is Chris we simply cannot continue to spend as -- deficits don't have consequences. As a waste doesn't matter. As of my hard earned tax all of the American people can be treated like monopoly money."
" The money is indeed real and this budget spends vastly more than it takes it. There is a freeze in a small portion of government spending has promised but there's also more spending for education. For NASA the Pentagon and Homeland Security -- to say what we can't spend what we must. And live within our means once again. But the new budget has the country on track for deficits as far as the eye can see and debt levels the country has never experienced."
" Now we're talking about -- jobs package it should have been as part of the stimulus package and last year. Every billion accounts."
" Every billion pounds but with high unemployment there are some who say this is not the time to tighten. The government's -- it's really not going to -- of way out of this recession. We've got to spin their way out of this recession and is an important tradeoff here the White House plans to spend billions more to provide the economy with a short term boost. That money though could take generations. To pay back. In Washington Doug Luzader fox two news."
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