Obama's Proposed 2010 Budget

You should be paying attention to this - there are lots of things hidden in the details, including:

• measures to combat global warming that will increase utility rates and energy costs
• increasing foreign aid, with a goal of doubling it
• moves toward expanding government health care
• reducing deductions for mortgage interest, charitable contributions and state and local taxes for wealthier citizens (couples making more than $250,000)

A more detailed plan will be submitted in April. The total budget proposed is $3.6 Trillion, with a planned deficit of $1.75 Trillion (meaning our tax revenues will only be $1.85 Trillion so we have a huge shortfall).