Obama unveils budget with record deficit

[rambone]

Interestingly, the Associated Press changed the headline since this morning when I noticed this. Earlier it read "Obama unveils budget with record deficit". Now it reads "Obama vows to address record deficit woes". They also rewrote the article. I only have this first part of the article, as it originally read. Now it is different.

Guess the original version wasn't flattering for Obama. Typical MSNBC reporting.



Original text (opening part):

Obama unveils budget with record deficit

WASHINGTON - President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year's then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute a three-year budget freeze on a variety of programs outside of the military and homeland security as well as increasing taxes on energy producers and families making more than $250,000.
Echoing the pledge in his State of the Union address to make job creation his top priority, Obama put forward a budget that included a $100 billion jobs measure that would provide tax breaks to encourage businesses to boost hiring as well as increased government spending on infrastructure and energy projects. He called for fast congressional action to speed relief to millions left unemployed in the worst recession since the 1930s.

Rewritten article (opening part):

Obama vows to address record deficit woes

WASHINGTON - President Barack Obama unveiled a multitrillion-dollar spending plan Monday, pledging an intensified effort to combat high unemployment and asking Congress to quickly approve new job-creation efforts that would boost the deficit to a record-breaking $1.56 trillion. Speaking from the White House hours after the budget's release, the president decried "what can only be described as a decade of profligacy."
He pledged to "do what it takes" to create jobs, while asking lawmakers to follow his lead on reducing "waste in programs I care about."

 

[5.56'aholic]

why is it when the government overspends what it has it's called a budget, but when we overspend its called bankruptcy/default?

 

[Fletch]

Two words: cognitive dissonance

I only wish it was a far more painful and debilitating condition. Perhaps then folks would do more to rid themselves of it.

 

[jedi]

Rambone in your first article notice how it gives 2 numbers of what the deficit will be. Last year's which was 1.41 trillion (I7BO's first budget) and this years which will be 1.56 trillion. Off course to help the sheep forget and not confuse the rest of America the article needs to be changed to only show 1 number 1.56 trillion.

Only showing 1 number does 2 things.
1) Does not allow the user to compare it to anything else (no base point in the article)
2) 1.56 is NOT a big number. It's half way between 1 and 2 for crying out loud!
(Granted it's trillion but how many people actually know what a trillion looks like. How many people can even comphrened that or will look beyond the 1.56 number and see the trillion.)
[ame=http://www.youtube.com/watch?v=LFRxiX0pQl4]YouTube - What 1 trillion dollars looks like...[/ame]


Very nice play on words "multi-trillion" to hide the real numbers.