The winners and losers of Obama's budget | Heidi Moore
The president's plan may seem hard on Wall Street - in fact, hedge fund managers have less to fear that asteroids are
Here's the thing about budgets, taking a line from My Fair Lady: as hurricanes Hartford, Hereford and Hampshire, almost never. Budgets are only suggestions of what can and should happen.
winners
Republicans This budget shows that President Obama and the Democrats always dream to emigrate to the elusive "grand bargain", while Republicans continue to play on the ground and obviously do not want to engage. The president seemed ready to do everything possible to ensure the appearance of commitment, but even went to his promise not to cut the rights like Social Security and Medicare, earning the ire of liberals like Senator Bernie Sanders of Vermont
"I met the Republicans more than half" appeared to defend the president this morning. This is evidence of trading on the path of failure. A major rules of trading is that the power is in the hands of the person who is willing to walk away, in this case, it means that the Republicans retain the advantage.
Wall Street:
Although President Obama's budget seems to be difficult to 1%, not in the real world. The Republicans will never accept your suggestions to raise taxes on the rich - the so-called Buffett rule - or plan investments in tax benefits over 30%, instead of the current 15%. Obama's budget aims to raise $ 60 billion by reducing deductions for the rich. This is unlikely.
Republican leaders are not even entertaining the idea of ??increasing taxes on the rich. Wall Street has just been published which is sacrificed, in fact, do not have to give a penny. Politically, Republicans will appear less heroic in the primaries for the protection of their traditional donor base for the alleged assault of a liberal president.
Fannie Mae and Freddie Mac: Optimism budget Obama predicted that Fannie Mae and Freddie Mac, which provide a federal guarantee for a loan, Enjoy the return of most of the next ten years and to pay the huge cost of rescues. Both are currently under the tutelage of the state, existing in a state of tutelage. They attracted $ 187.5bn Treasury, the repayment of $ 62.5bn this form of dividends.
until Fannie Mae and Freddie Mac have demonstrated their profits because of the recent mortgage boom - $ 17 billion and $ 11 billion respectively - it may be optimistic to believe the trend as long as ten years. Obama's budget, however, is to keep alive the two mortgage giants struggling for a little longer and delay its disappearance in the future - if ever.
advocates mental health
one of the most spectacular additions to the Obama budget is $ 235 million in new spending on mental health care, including outreach programs that begin in school, according to the Washington Post. This is new and reflects the power of mental health advocates who pointed out that mental illness is a major topic of discussion at the recent shootings, like those of Adam Lanza and James Holmes.students:
interest rate loans Obama Budget pinstudents Treasuries to ten years. At present, the rates are at historically low levels. If interest rates rise, however - and they inevitably - the equation may not be as attractive for accommodated students at the same rate that it costs the government to borrow
trees
new budget Obama is 16 pages shorter than the last. It's less wasted paper.- Losers
- President Obama
- Politically, this budget does not accomplish much. Yes, there are - Good work, Jack Lew - but they are two months late, so it is not possible to avoid cuts to sequester and makes the administration seems disorganized, while alienating liberal supporters of President . The budget does not cut defense because even more money for the Pentagon that the military would have under the kidnapping: "abduction is still the law, and Obama's budget request reflects an increase of 10 % in relation to the Pentagon reduced levels, "said Mackenzie Eaglen of the American Enterprise Institute.
point of the final budget is somehow removing and Obama's budget is not compelling enough to convince the Republicans do. As a result, unemployment benefits are likely to be cut from 11% previously.
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