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February 27, 2009

Obama Budget: Big and Bold

Posted: 11:22 AM ET

President Obama's first budget - with its eye-popping $1.75 trillion deficit, a health-care fund of more than $600 billion, a $150 billion energy package and proposals to tax wealthy Americans even beyond what he talked about during his campaign - underscores the breadth of his aspiration to reverse three decades of conservative governance and use his presidency to rapidly transform the country.

But in adopting a program of such size, cost and complexity, Obama has far exceeded what other politicians might have done. As a result, he is now gambling with his own future and the success of his presidency.

William A. Galston of the Brookings Institution cited three parallels to Obama's far-reaching program: Franklin D. Roosevelt's 1932 New Deal blueprint, Lyndon B. Johnson's 1965 Great Society agenda, and Ronald Reagan's 1981 call to dramatically limit the size and power of government, which set the framework for public policy debate ever since.

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sean brizendine   February 27th, 2009 12:20 pm ET

larry its big and bold but frankly it is totally necessary to prevent us from loosing our way of life and freedoms that we hold dear.
"sean in santa rosa"


Eric Farrington   February 27th, 2009 1:34 pm ET

Larry, I am an average joe-blow from Washington. The most I have ever earned in my life was 65k a year. Wasent for the lack of trying. When Obama outlined his healthcare reform package, I was thrilled! The problem that I have was that after he announced this during his address to congress, was that some ppl were concerned or outraged that he was going after just the wealthy ppl that make over 250k a year.

Why are they out raged? I, and my Family, can live comfortably on 65k and be able to pay all my bills. But I still want to help my fellow man out when he\she asks for help. I guess thats my point. Simply put, If we ALL chip in what we can, not what we want, and not let the few greedy people out there refuse to help, then we would all benefit, and the crisis would hasten to its demise.

Obama is right when he said that its time for change. I say GO, MAN, GO!!!! Thank you


Howard Gordon   February 27th, 2009 8:08 pm ET

Larry its a saying, the more things change the more they stay the same. Same old politics different face.


Basil Eastman   February 27th, 2009 10:00 pm ET

I think ur society is sick to want to take away the babies from the biological mother. USA is rich enough and has the resources to assist ths lady to take care of the children. Other societies is dismayed at american insesitivity to how they treat their own people. Help the lady and show us that americans have a heart, why heap all sorts of motives on this womans head, she has enough problems. tell these heartless people that if they haven't any thing good to say to or about the octomom to keep their damn mouth shut. We in the outside are watching u, We admire americans, for ur generosity to the outside world, so be generous to your won


michelle   February 28th, 2009 12:07 am ET

Larry, I love your show. Sometimes I find myself a little confused about what's going on. It does seem however that things ( our economy ) and morale, is changing for the better. I really love that our President Obama makes it very clear that no matter Republican or Democrat.., we are ALL in this together, ( good or bad). We are One Nation, not to be divided. All any of us have is hope . If neither you, nor I are running this country, ( nor have what it takes to) , than lets have some faith in the one who Is.


Anthony   February 28th, 2009 2:37 am ET

First of all with all that is going on, with the budget and everything else, can someone please tell me why the FootBall, Basketball, Baseball players are still getting paid millions, Why is there so big of a interest in paying someone to play a game, then trying to build jobs that will bring and build up a community.


ed,vancouver canada   February 28th, 2009 4:00 am ET

larry ,i feel bad your taxes are going up.
if you were in canada,your tax rate would be 48%
in france 50%
in zimbabwe you would lose 10000 dollars a minute in inflation.
hollywood,sports and media gurus are going to pay for once.


Gary Chandler in Canada   February 28th, 2009 1:23 pm ET

1200+ comments on the cause de celebre quad mom Post and 8 on this WAY more important issue!!! that is HOPELESS...
The slim majority who don't have their heads in the sand, have their noses up their rear ends.

------------------
Do you want to know something that is HILARIOUS?
Some are reporting 'Obama's plan is to redistribute wealth'. sheesh
Can they be more stupid???
Okay, maybe it is just one teeny little word, [wait for it] but it makes the difference between honesty and deceit, intelligence and ignorance.
Obama's plan is to redistribute DEBT. << do you get it???
[[[There WAS also shouting about 3rd class being in 1rst class areas when the Titanic was going down.]]]
HOW can you call ANY plan that involves a 55 trillion short fall, [$55,000,000,000,000] a redistribution of WEALTH??? sheesh
Google 'I O U S A'
Also, STOP calling the bail out money, the taxpayers' money. It China, Russia and Iraq's money!!! that your great grand children will have to pay back.
-----
The Republicans should change their name to the Loyalists! If the Kings of England had the same kind of group, the Magna Carta would have failed. They are middle men for the Royal Families of America, is all. True republicans would welcome Government for the People and put traffic signals, stop signs, directions INTO the economy, instead of shouting for a WILD economy. Oh, did I say 'wild'? Did I mean 'free'.
NOT, I know the difference in the definitions, unlike your Lamebows , Lou Dudds.


Dave of Detroit   February 28th, 2009 2:30 pm ET

Love the Big and Bold designation-Sure beats Big, sneaky and underhanded that the Bush people came up with-I really loved Bush signing a 670 billion Budget for the war during the big controversy of the Republican TARP Bill and then signing the 810 billion Tarp Bill 4 days later-not bad for a "Lame Duck" President. Notice that very few Republicans mention this bit of chicanery while criticizing all of Obama's Bills as Irresponsible...Wonder why that is??????


JIM CARROLL INTERNET FREE PRESS   February 28th, 2009 9:36 pm ET

WHY IS THE NEWS MEDIA AFRAID TO ASK THIS QUESTION?
Why does America need to borrow money from China in order to expand the money supply? Article 1, Section 8, of the Constitution gives the Federal Government
the right to create new money. Goods and services have real value. Money should be
equal to the value of goods and services—not to a gold standard or anything else.


Anthony   February 28th, 2009 11:32 pm ET

I am truly amazed with all the comments, there are some real issues taking place right before our eyes and still no one is seeing the true picture or the real story that has been hidden, WE THE PEOPLE
WOW. IF WE WERE REALLY SMART WE WOULDNT BE IN DEBT

EXAMPLE: WE HAVE WELL OVER 1 MILLION PEOPLE IN THE USA
IF I COLLECTED 1 DOLLAR FROM 1 MILLION PEOPLE I WOULD BE A MIILLIONAIRE, BUT WE DONT THINK THAT WAY WE WOULD RATHER LIKE THE POLICTICAL PEOPLE IN OFFICE HANDLE THE STATE EMERGENCY, WE WOULD RATHER LET THE PEOPLE SUFFER THAT WENT THROUGH THE HURRICANE INSTEAD OF LENDING A HELPING HAND 1 MILLION DOLLARS THINK ABOUT IT

COLLECT JUST 1 DOLLAR FROM A MILLION PEOPLEIN OTHER WORDS WE NEED TO HELP ONE ANOTHER AND TEACH ONE ANOTHER TO BULID UP THE COMMUNITY AND NOT JUST LET IT GO TO WASTE. I KNOW ITS HARD JUST THINK ABOUT IT 1 MILLION DOLLARS JUST FROM COLLECTING ONE DOLLAR


Dianne   March 1st, 2009 8:41 am ET

Excellent! A President who is actually "doing" what he promised on the Campaign trail.

Refreshing! A President who actually "walks the talk".


Gary Chandler in Canada   March 1st, 2009 2:03 pm ET

Anthony February 28th, 2009 11:32 pm ET
IF WE WERE REALLY SMART WE WOULDNT BE IN DEBT
I KNOW ITS HARD JUST THINK ABOUT IT 1 MILLION DOLLARS JUST FROM COLLECTING ONE DOLLAR
------------–
@Anthony
On your first sentence, that is a mighty big IF, if you catch my drift.
----
On your second point, $1 dollar is about $199,000 too short.
If each of the 300,000,000 million Americans were to be taxed $200,000, that would pay off the debt, China, Russia, and others, and cover expenses; like the education, health, the military. There would even be a little left over for some 'fun' stuff.
How is that $200,000 per citizen NOT going to be passed onto children, grand children and great grand children???
The World Bank and the International Monetary Fund should have stepped in when Enron exposed the Ponzi way your Captains of wild economics are padding their wallets.
The Republicans continue to be stauch Loyalists for the USA Royal Families.
It is OVER. Circle the Wagons!


Gary Chandler in Canada   March 1st, 2009 2:25 pm ET

The math on the above post...
According to the documentary, I O U S A, America was 53 trillion in the RED. With Obama, that is up to $55,000,000,000,000.
[???don't know if that covers States and Municipal short falls??}
Divide $55,000,000,000,000 by 300,000,000,[ population] = $183,000 for every man woman and child.
-------–
Even IF you were NOT absolutely content with letting future generations pay for the cake you are eating; you do NOT have enough wealth to pay your share anyway. It is OVER the cliff.
I have all the measures to reverse the complete collapse of America.
It would take a revolution against the Royal Families of America and a return to the belief that Government for the People allows for REAL freedom, not the WILDNESS the GOP spouts off about all the time.
If the Kings of England had a strong loyalist group like the repugs, they would STILL be in power.
Circle the Wagons for cripes sake!


Gary Chandler in Canada   March 1st, 2009 2:37 pm ET

Obama, hope IS a good thing, but it is dangerous when it supplants reasonable goal setting!
You HAVE to lead a Fair Trade World economy.
You HAVE to price control ALL executives, that would be like putting cross walks near school yards; it would create freedom not end it.
You HAVE to outlaw usury. No rates above 6% on ANY credit card!
Organised crime CAN handle the loan sharking business, without crippling the economy.
[Check Fargo for the results of sane lending practises!]
If everybody, RICH or POOR lived within their incomes, everybody would have a job.
The Chinese and Russians would HATE my plan, as they are already discussing how to carve up the American Pie. The USA is in their Global cross hairs!


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