The Plan
Ja'Lisa Dorsey
Dillard University
Macroeconomics
Professor Kimberley Preston
January 23, 2013
Obama’s ceremonial swearing-in at the U.S. Capitol was filled with traditional pomp and pageantry. Obama swore in January 21, 2013 for the public. He delivered a speech that previewed the priorities that he intends to pursue for his second-term (Tribune Newspaper, n.d.). His priorities include things like: gun rights, budget plans, and jobs for America. Obama is calling to give a fair shot to the middle class (Dorning, 2013). The Affordable Care Act is also in his plan for the next four years. Obama propose the “The Budget Plan”. Jobs for America, the middle class, and affordable care were discussed in this plan.
Amy Goodman stated, “President Obama has unveiled a budget plan seeking to trim the federal deficit by cutting or eliminating over 200 federal programs, many dedicated to social services and education.” The Budget was a $3.7 trillion proposal that would cut funding in half for the IHEAP (Income Home Energy Assistance Program). This program subsidizes heating costs for low-income Americans. President Obama called for a freeze on annual domestic spending over the next few years. The Budget Plan also calls for cutting $300 million from community development block grants. Obama’s plan includes two modest tax hikes for banks and oil companies. However, the Budget does not only include those things. The Budget implements the tight discretionary spending caps that Obama signed into law in the Budget Control Act of 2011. Barack also wanted to limit an expansion of the Pell Grant Program for low-income college students (Goodman & Gonzales, 2011).
For Obama’s second term, he wants to build a strong economy, to cut waste, and to reduce the deficit. He is asking for all to pay their share. This is where his plan to “save the middle class” comes in. Obama plan to extend the Bush’s tax cuts for middle class families. This is included in the small...