2011年4月11日星期一

Address details of budget due out tonight

t1larg.obama.gi.jpgDemocrats are steadfast against the GOP's Medicare and Medicaid overhaul PlansObama and GOP are leaders sparring over a vote, the debt will increase CeilingThe to President set, his plan for the long-term deficit reduction of this WeekThe start House and Senate vote this week on a plan, to cut spending by $38.5 billion

Washington (CNN) --Partisan is warfare on taxes and spending on center of stage again in Washington this week take, such as Congress takes an agreement on the budget for the rest of the current financial year and President Barack Obama is his long-awaited deficit reduction plan set.

House Republicans also likely pressing Friday on their budget proposal for next year for a vote. This plan, which roughly cuts $6 trillion spending over the next decade during radical overhaul of Medicare and Medicaid, is violently opposed to by the Democrats at both ends of Pennsylvania Avenue.

The result of the battle promises, the size and scope of the Federal Government have a major impact not only on the presidential campaign 2012, but on in the coming years.

Obama and Congressional Republicans said "The role of the Federal Government in our society should be very different ideas about what", House Speaker John Boehner, R-Ohio News, Monday morning on Fox. But "it is our commitment to the bottom and find a way to work together... to sit."

Information about the business for the rest of the fiscal year 2011, the September 30 ends, are Monday night released will be.

The package, which ended late Friday to avoid a partial Government shutdown, cuts output of 38.5 billion $. He was insufficient by some tea party Conservatives called and called extreme in Liberal circles.

The House is planned, the business Wednesday, with following suit soon vote on the Senate.

Add the turmoil: a raise coming debate on the need for the Federal Government's debt. Washington quickly that approaches about $14.29 trillion ceiling and is expected to CAP which exceed by mid-May. Although the Federal Reserve are some steps, the need which CAP until July to delay, can, could an error including eventually by default on.

A standard can be the economy, leading to a crashing dollar and exploding interest rates, including ravage.

Republicans use the vote on the debt ceiling to additional expenditure reduction in demand.

Obama want a "clean bill" on the CAP, which, not Boehner affect said further cuts Republicans in Connecticut on Saturday night.

"Well, guess what, Mr.. President, (there is) no chance you will get a clean bill,", the spokesman said. "There is no increase in the debt limit without something really, really large attached."

White House spokesman Jay Carney said Monday that GOP leaders are making a mistake if they decide to play with the debt ceiling "Chicken" vote.

A failure to act would be "Armageddon-like in the economy," he said.

For its part Obama will present Wednesday its deficit reduction plan in a presidential address. The plan is expected to include a call for reforms to claim programs such as Medicare and Medicaid, as well as cuts and an increase in taxes for the rich defense.

The President "clearly to deficit reduction, we must work with regard to the DM amounts over the period of years," said White House senior adviser David Plouffe Sunday.

After Obama view "to grow economically, to a strong country, we will support this fiscal situation cannot be", said Plouffe.

Republicans is the President position for deficit reduction an about-face from his own 2012 budget proposal, in February published. At that time, the President for not significant reforms to claim called programs such as Medicare and Medicaid, which currently include the main driver of deficit spending.

"I am happy to see a kind of retreat"from the original proposal of the President"to do nothing," said Senator Jeff sessions, R-Alabama, Sunday on the CBS program "face the nation."

While Republicans flip flopper.a call Obama a deficit, top Democrats are the GOP leadership plan for Medicare and Medicaid, describe it as part of economic attack on the well-being of the poor and middle-class Americans ribs.

Under this plan, introduced last week by House Budget Committee Chairman Paul Ryan, R-Wisconsin, the Government finally would stop bills, for older people in the Medicare program. Instead, Medicare recipients would choose a plan from a list of private providers, the Federal Government would subsidize.

Individuals currently 55 or older are not affected by the changes.

Medicaid, the health care for people with disabilities and the poor, be changed in a number of block grants to the States.

In the meantime drop would the top tax rate for individuals and businesses around 25%.

Plouffe said Sunday the GOP's plan has no chance right. Under the plan, he said "The average millionaire in this country would get a tax cut $ 200,000, while the average senior citizens in the future" $6,000 will face an increase in health costs.

Plouffe reiterates the appeal of Obama and Congressional Democrats for the Elimination of tax breaks for people earning more than $250,000 a year, say "We are in a balanced way to do" because of the problem-solving "all on the backs of seniors and middle-class can be."CNN's Tom Cohen, Dana Bash, Lisa Desjardins and Brianna Keilar contributed to this report.

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