Jacob Lew, The President’s Chief of Staff Said…

By Roger Chartier

Jacob Lew

Has been promoting the Obama tax plan that is being proposed to Congress saying essentially that there is a short term goal to support our economy. The longer term goal is to deal with long-term deficits.

Cost of Obama’s budget plan

Today is the day it get’s presented to Congress.
The $3.8 Trillion spending plan probably will get stalled until after elections.

If his plan ever could get passed it would implement an increase to education and transportation.

There would be a deficit reduction over the next 10 years amounting to about $4 trillion.
Republicans are countering with several issues, one being that Medicare will soon be bankrupt.

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