March 29, 2015 17:20 UTC

In the News

Obama Administration Proposes Federal Budget

President Obama says budget would end crisis.

President Obama talks about the federal budget.
President Obama talks about the federal budget.

Multimedia

Play or download an MP3 of this story

From VOA Learning English, this is In The News.

 
This week, the Obama administration released a budget plan for the 2014 fiscal year. The plan calls for three trillion 770 billion dollars in federal spending during the year beginning in October.
 
President Barack Obama calls the proposal, “a fiscally responsible blueprint” for middle class jobs and economic growth. The budget is his attempt to move closer to a “grand bargain” he sought in debt and deficit reduction talks with Republican Party lawmakers.
 
The plan includes one-point-eight trillion dollars in deficit reduction over 10 years. It also adds two-point-five trillion dollars in savings the president says have already been realized. This would bring total savings to four-point-three trillion dollars.
 
Mr. Obama says his budget proposal seeks to end what he calls short-sighted, crisis-driven decision-making here in Washington.
 
“For years, the debate in this town has raged between reducing our deficits at all costs and making the investments necessary to grow our economy. And this budget answers that argument because we can do both. We can grow our economy and shrink our deficits.”
 
To become law, the president’s budget would require congressional approval, which political experts say is unlikely. His budget would replace tens of billions of dollars in required spending cuts. Those cuts went into effect on January first. Mr. Obama also wants to limit legal ways businesses and wealthy individuals can avoid paying taxes. And he wants to establish a minimum 30 percent tax on people earning one million dollars or more a year.
 
President Obama, who is a Democrat, says he has gone more than halfway to meet concerns of Republican lawmakers who have resisted tax increases.
 
House of Representatives Speaker John Boehner, a Republican, gives Mr. Obama credit for seeking more savings from Social Security and other big entitlement programs. But he says the president’s proposals are another attempt to increase taxes.
 
“He does deserve some credit for some incremental entitlement reforms that he has outlined in his budget. But I would hope that he would not hold hostage these modest reforms for his demand for bigger tax hikes.”
 
The president is proposing savings by using a new method to set cost of living increases for Social Security payments. But this proposal has angered many members of Mr. Obama’s Democratic Party.
 
Another critic, Senator Bernie Sanders, is an independent. He says the proposal is a cancellation of a promise Mr. Obama made as a presidential candidate.
 
“When Barack Obama was running for president in 2008, he said that he would not cut Social Security.”
 
Mr. Obama defended his Social Security offer and changes to Medicare, the health insurance program for older adults and Americans with disabilities. But he says any compromise must not hurt Americans who depend on these programs.
 
“I do not believe that all these ideas are optimal. But I am willing to accept them as part of a compromise, if and only if they contain protections for the most vulnerable Americans.
 
President Obama’s budget will go nowhere without the support of the two main political parties. Senate Democrats and House Republicans have their own separate spending plans.






 
This forum has been closed.
Comment Sorting
Comments
     
by: Anonymous
04/15/2013 8:38 AM
very good


by: Michael from: South Korea
04/14/2013 3:57 PM
The budegt increase in America would be a very important issue because it may affect the world economy. In my view, increasing the amount of budget for job creations and an economic growth is a very simple choice to presidents without consideration of their people who must pay a diversity of taxes. Instead of tax increases targeting toward middle classes and the poor, they must find and seek effectively methods to make the money which is only their own duty for presidents including Obama.


by: dr thierno ba from: dakar
04/13/2013 6:17 PM
tganks mr ember 4 this new voicing


by: BIJU.P.Y. from: SOUTH INDIA
04/13/2013 4:20 PM
Obama's budget policy looks good but it may sound so good, I think. I think the Replublicans have their own special plans and introducing his own plans would be reckoning without his host. The budget should be mixed with that of the Republicans' too. Thank you.

Learn with The News

  • Video Could Drones Help Save Rhinos in South Africa?

    Searching for illegal hunting is best done from above. But piloted flights are costly. Now, some college students have made a drone to look for poachers. It is low cost and can observe more places than other aircraft. South African officials may find drones a good tool in animal protection efforts. More

  • Audio Don't Panic!

    Actually ... seeing a Great White shark this close would be a great time to panic. Read on to learn about the Greek myth behind the work "panic" and some idioms. There is also a shortened section from "The Sea Wolf" by writer Jack London. He wrote one of the greatest panic attacks in literature. More

  • Princess Awesome clothes for little girls.

    Video New Girls' Clothing Line Breaks Stereotypes

    Many girls enjoy flowers, riding ponies and other girly things. However some girls also like cars, robots and spaceships Two mothers decided to make clothes that are more representative of all the things that little girls are, and do, and love. More

  • A Houthi Shiite fighter stands guard as people search for survivors under the rubble of houses destroyed by Saudi airstrikes near Sanaa Airport, Yemen, Thursday, March 26, 2015

    Audio Saudi-led Airstrikes in Yemen Aim to Stop Rebels

    Yemen Foreign Minister Riyadh Yasin said the Houthi rebels should weaken after two days of air strikes from a coalition of Arab countries, led by Saudi Arabia. The coalition of 10 countries, including five Gulf kingdoms, is trying to bring Yemen’s internationally recognized government back to power. More

  • Audio Cambodia Supports China's Position on South China Sea

    Cambodia’s prime minister said the dispute between China and other nations in the South China Sea area cannot be solved through ASEAN. Prime Minister Hun Sen said Wednesday that the issue should be solved by the countries directly affected by the disputes. More

Featured Stories

  • Audio New Treatment for AIDS Called a ‘Big Deal’

    Read on to learn words like mutate, neutralize and antiretroviral as you learn how researchers have found a way to trick HIV, the virus causing AIDS, into killing itself. The difficulty level might be high as this article describes what happens when a genetically modified cell become an HIV. More

  • Video Angelina Jolie Has Second Surgery to Prevent Cancer

    The 39-year-old actress published a piece in The New York Times about her decision to have her ovaries and fallopian tubes removed to protect herself from cancer. She had a double mastectomy two years ago for the same reason. The latest surgery leaves the mother of six unable to have more children. More

  • Space Rocket to Launch Weather Satellite Into Deep Space

    Video Satellite Will Watch Sun Storms, Send Warnings to Earth

    Strong storms on the sun can cause problems for satellites, radio communications and even airplane travel. A satellite is now traveling 1.5 million kilometers to enter the sun’s orbit, just in time to observe the extreme weather on the sun at its most violent time the sun’s 11-year cycle. More

  • An employee plays the game Flappy Bird at a smartphone store in Hanoi, Feb. 10, 2014.

    Audio Too Much Gaming is a Pain in the Neck

    Smartphones and other electronic devices, or gadgets, are becoming more affordable. Children in India are using them more and more. Doctors say children who spend long hours playing video games are increasingly showing signs of physical deformities, meaning their bodies are not growing properly. More

  • Video Secrets of a Saddle-Maker

    People began riding horses thousands of years ago. Saddles for horseback riding were invented soon after. Today, many companies manufacture saddles. But it is rare to find someone who designs and makes these products by hand. American Keith Valley is one of the few. More

Practice Your Writing

Confessions of an English Learner blog
Confessions of an English Learner blog

 

 

 

Tell us About Our Programs