Obama Budget Has Contingency for More Aid to Banks ($750 Billion)

[girl gone mad]

Come on, President Obama, it's time to slay these zombie banks!

Obama Budget Has Contingency for More Aid to Banks
http://www.bloomberg.com/apps/news?pid=20601087&sid=aY8vuevw1NKs&refer=home

Feb. 26 (Bloomberg) -- President Barack Obama’s first budget request includes a contingency for as much as $750 billion in new aid to the financial industry this year while laying plans for a health-care system overhaul and higher taxes on the wealthy.

The spending blueprint, sent to Congress today, forecasts record outlays for the current fiscal year of $3.94 trillion, up 32 percent from a year ago. That would yield a record deficit of $1.75 trillion in the year ending Sept. 30, equal to about 12 percent of the nation’s gross domestic product, the highest since World War II.

The Obama administration plans to spend $3.55 trillion in fiscal 2010, beginning Oct. 1, with the deficit narrowing to $1.17 trillion. The president has promised to cut the shortfall in half by the end of his first term.

“While we must add to our deficits in the short term to provide immediate relief to families and get our economy moving, it is only by restoring fiscal discipline over the long run that we can produce sustained growth and shared prosperity,” Obama said today before the budget was released.

[marketcrazy1]

1. this has to stop

WE CANNOT AFFORD TO BAILOUT ALL THESE FUCKING BANKS!!!!!!

[Metta]

2. These are the people who have ruined our country. They belong in jail instead of getting our money.

It's people who built this country and people should come first.