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U.S. lawmakers are reacting to President Barack Obama's proposed budget for the 2010 fiscal1 year that begins in October. Democrats2 and Republicans commented on the $3.5 trillion budget that would raise the federal deficit3 to $1.75 trillion.
US Senate Budget Committee Chairman Kent Conrad (left) and House Budget Committee Chairman John Spratt hold copies of budget
As lawmakers assess the budget, the rhetoric4 about spending and saving projections5 and priorities heated up.
Democrats face a heavy lift in implementing6 the agenda proposed in the president's 140-page outline, which is a precursor7 of the full budget the president will send Congress in April.
House of Representatives Speaker Nancy Pelosi says the budget outline shows President Obama is keeping to his pledges of fiscal responsibility.
"The budget is consistent with the president's message of accountability, fiscal responsibility, transparency from the standpoint of how we approach of it. It reflects the values that he conveyed about investing in education and energy and health care, also in how we grow our economy [with] infrastructure8 and how we support our troops," she said.
A key part of the budget involves health care, with $634 billion proposed over 10 years drawn9 from tax increases on the wealthy and medical system savings10 to expand coverage11 for Americans.
Republicans say President Obama's plan to raise taxes for families earning more than $250,000 a year would harm small businesses, eliminate jobs, deepen the recession and the national debt.
"It's a spend, tax and borrow our way to prosperity budget. It proposes bigger government with higher spending, higher taxes, and higher debt as a means to produce prosperity in America," said Republican Congressman12 Paul Ryan.
House Minority Leader John Boehner said "there has been too much spending under Republicans over the last several years. But if you begin to look at what has happened over the last month and what is being proposed in this budget, the president is beginning to make [former] President Bush look like a piker when it comes to spending."
Senator Judd Gregg, the ranking Republican on the Senate Budget Committee, said there are some good technical aspects to the budget, but he assailed13 proposed tax increases and spending.
"There are massive tax increases in this bill, in this proposal, $1.4 trillion by our calculation. That's a big number. [There is] massive spending in this bill just in the health care area [and] approximately $1.4 trillion of new spending," he said.
But President Obama's budget director, Peter Orszag, says Republicans are just wrong in their assertions about the president's tax proposals.
"The assertion that we are raising taxes in the midst of a recession is just factually wrong. And, in fact, we just cut taxes as part of the [American] Recovery [and Reinvestment] Act which his exactly what is appropriate from a macroeconomic perspective to boost aggregate14 demand during a downturn," he said.
House Budget Committee Chairman John Spratt says compared to the eight years of the Bush administration, President Obama is directly confronting economic problems.
"President Obama, to his credit, has responded with a budget which shows he is not flinching15 or stalling, but is meeting the challenge head on," he said.
As they look at legislative16 action this year to reform health care, Democrats are also assessing how to move forward with long-postponed steps to reform costly17 government entitlement programs such as social security, as well as the tax system itself.
"To pursue not only reform of the entitlements but reform of the revenue system. There is just too much leakage18 in the system, and beyond that it does not position us well to compete in a globalized world economy," said Democratic Senator Kent Conrad, who heads the Senate Budget Committee.
Congress is not bound to a president's budget proposals, and this is the first step in a process leading to approval of a budget resolution that sets broad spending, tax and economic goals.
Congressional committees begin hearings on President Obama's budget next week. Between now and October 1 when the 2010 fiscal year begins, lawmakers will also work on the regular appropriations19 bills to fund government operations.
1 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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2 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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3 deficit | |
n.亏空,亏损;赤字,逆差 | |
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4 rhetoric | |
n.修辞学,浮夸之言语 | |
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5 projections | |
预测( projection的名词复数 ); 投影; 投掷; 突起物 | |
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6 implementing | |
v.实现( implement的现在分词 );执行;贯彻;使生效 | |
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7 precursor | |
n.先驱者;前辈;前任;预兆;先兆 | |
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8 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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9 drawn | |
v.拖,拉,拔出;adj.憔悴的,紧张的 | |
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10 savings | |
n.存款,储蓄 | |
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11 coverage | |
n.报导,保险范围,保险额,范围,覆盖 | |
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12 Congressman | |
n.(美)国会议员 | |
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13 assailed | |
v.攻击( assail的过去式和过去分词 );困扰;质问;毅然应对 | |
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14 aggregate | |
adj.总计的,集合的;n.总数;v.合计;集合 | |
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15 flinching | |
v.(因危险和痛苦)退缩,畏惧( flinch的现在分词 ) | |
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16 legislative | |
n.立法机构,立法权;adj.立法的,有立法权的 | |
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17 costly | |
adj.昂贵的,价值高的,豪华的 | |
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18 leakage | |
n.漏,泄漏;泄漏物;漏出量 | |
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19 appropriations | |
n.挪用(appropriation的复数形式) | |
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