The move marks the first time in 41 years that Congress has refused to review a president’s budget.
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The president’s budget includes $10.1 billion in 2017 for F-35s across the force: 43 F-35A’s for the Air Force, 16 F-35B’s for the Marine Corps and 4 F-35C’s for the Navy. He adds, “Why would we want to pass up the chance for American businesses to produce and sell the energy of the future?”
Obama already faces heavy fire from the GOP-controlled Congress, which is not expected to approve the proposal, and has called it “dead on arrival”. Not only have congressional Republicans been disrespectful of his proposals, they’ve also continued to be delusional about the budget and the economy.
It’s uncertain how numerous discretionary budget ideas will ever materialize.
ABC News reported that the USA president said that some infrastructure is downright archaic, with its Social Security Administration utilizing systems that are from the 1960’s.
He emphasized the budget’s proposed $19 billion in spending on cybersecurity, a more than 30 percent increase in spending to fight cyberthreats. Over the next decade, though, they said the deficit would increase amid increased spending on older Americans’ health care.
As a spending plan, Obama’s final budget has much worth listening to. Inflation would remain low, registering a 1.5 percent gain this year.
The Associated General Contractors of America calculates the Obama FY17 budget includes a total of $141 billion for construction programs, up about 14% from the $123.9 billion in enacted fiscal 2016. However, the President abandoned those proposals when it became clear that Republicans were opposed to his suggestions to raise taxes on the wealthy in order to benefit programs for the working poor.
“The Budget makes critical investments in our domestic and national security priorities while adhering to the bipartisan budget agreement signed into law last fall, and it lifts sequestration in future years so that we continue to invest in our economic future and our national security”, the White House said in a statement. The president wanted to hire a new chief information security officer whose salary would be paltry compared to those paid by big companies.
Separately, Obama has also proposed $1.8 billion in emergency spending to combat the Zika virus, on top of the $1.1 trillion catchall spending bill that passed in December.
“The president has done his part getting the budget process started”, said Sen.
The Obama initiative calls for a more than one-third increase from the US$14bil (RM58.4bil) appropriated this year and would include US$3.1bil (RM12.95bil) for technology modernisation at various federal agencies.
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Barack Obama presented his budget last Tuesday to weigh on the USA presidential campaign and launch trial balloons, like a $ 10 tax on a barrel of oil has provoked howls of outrage.
