Obama’s weekly address on Saturday:
“I realize that passing this budget won’t be easy. Because it represents real and dramatic change, it also represents a threat to the status quo in Washington. I know that the insurance industry won’t like the idea that they’ll have to bid competitively to continue offering Medicare coverage, but that’s how we’ll help preserve and protect Medicare and lower health care costs for American families. I know that banks and big student lenders won’t like the idea that we’re ending their huge taxpayer subsidies, but that’s how we’ll save taxpayers nearly $50 billion and make college more affordable. I know that oil and gas companies won’t like us ending nearly $30 billion in tax breaks, but that’s how we’ll help fund a renewable energy economy that will create new jobs and new industries. I know these steps won’t sit well with the special interests and lobbyists who are invested in the old way of doing business, and I know they’re gearing up for a fight as we speak. My message to them is this:
“So am I.”
Wow! The battle is on. NGOs are mobilising to get this passed, while lobbyists are stepping in to stall the budget. This is from MoveOn.org’s latest campaign. Unfortunately they don’t have it online yet so I’ll post it in full here…
10 things you should know about Obama’s plan (but probably don’t)
The plan:
Makes a $634 billion down payment on fixing health care that will go a long way toward paying for a more efficient, more affordable health care system that covers every single American. [source]
Reduces taxes for 95% of working Americans. And if your family makes less than $250,000, your taxes won’t go up one dime. [source]
Invests more than $100 billion in clean energy technology, creating millions of green jobs that can never be outsourced.[source]
Brings our troops home from Iraq on a firm timetable, finally bringing the war to a close—and freeing up almost ten billion dollars a month for domestic priorities. [source]
Reverses growing income inequality. The plan lets the Bush tax cuts for the wealthiest Americans expire and focuses on strengthening the middle class. [source]
Closes multi-billion-dollar tax loopholes for big oil companies. [source]
Increases grants to help families pay for college—the largest increase ever. [source]
Halves the deficit by 2013. President Obama inherited a legacy of huge deficits and an economy in shambles, but his plan brings the deficit under control as soon as the economy begins to recover. [source]
Dramatically increases funding for the SEC and the CFTC—the agencies that police Wall Street. [source]
Tells it straight. For years, budgets have used accounting tricks to hide the real costs of the wars in Iraq and Afghanistan, the Bush tax cuts, and too many other programs. Obama’s budget gets rid of the smokescreens and lays out what America’s priorities are, what they cost, and how we’re going to pay for them. [source]
This is the change we voted for. President Obama has done his part, now we need to do ours.
And of course, not mentioned here is the cap-and-trade mechanism that has also been included in the budget. I’m glad Obama is making good use of his 100-day honeymoon!