Obama, just a few weeks late after the LAW mandated deadline for presenting his budget, finally got off the golf course long enough to put it forth on Monday. It’s pretty much what you would expect from Obama, tax the rich, give it to the poor, and to energy companies that will just go bankrupt a year later. Okay, so maybe that last part wasn’t in there, but it might as well have been.
And there was also this little interesting tidbit in there, courtesy of Reuters:
In his annual budget message to Congress, President Barack Obama asked that military aid to Egypt be kept at the level of recent years — $1.3 billion — despite a crisis triggered by an Egyptian probe targeting American democracy activists.The proposals are part of Obama’s budget request for fiscal year 2013, which begins October 1. His requests need the approval of Congress, where some lawmakers want to cut overseas spending to address U.S. budget shortfalls and are particularly angry at Egypt.
Obama proposed $51.6 billion in funding for the U.S. State Department and foreign aid overall, when $8.2 billion in assistance to war zones is included. The “core budget” for the category would increase by 1.6 percent, officials said.
Most of the economic aid for the Arab Spring countries — $770 million — would go to establish a new “Middle East and North Africa Incentive Fund,” the president said in his budget plan.
