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The President's Budget: An Economic Roadmap
This week, Congress and President Obama took an important step toward rebuilding our middle class and putting America on the path to prosperity. Congress approved the President’s budget, which will anchor the President’s plans to invest in education, health care and energy.
One of the ways the President’s budget paves the way for long-term economic growth is by providing the largest investment in higher education in history. In addition to steps we’ve already taken to mitigate the recession’s impact on our schools, the budget will help keep this crisis from pricing students out of a college degree by allowing us to increase Pell grants for students and making the federal student loan program more stable, cost-effective and efficient. And the budget will allow for all of this without increasing taxpayer costs one dime! Read more about the President's budget and the impact on education.
This budget is a blueprint for economic recovery and new jobs now—and sustainable economic growth and prosperity for years to come. For the first time in years, we will have an honest budget that:
* creates jobs with targeted investments in affordable health care, clean energy, and education
* cuts taxes for middle-income families by more than $1.7 trillion over 10 years
* cuts the deficit by nearly two-thirds in four years
* cuts non-defense discretionary spending as a percent of the economy
Read more about the budget on the Speaker's website .
A complete summary of the budget is available from the House Budget Committee at budget.house.gov.
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Posted by Peake, Amy at 06:18PM | Comments () | TrackBack (0)
Recovery Act Progress Report Available
As Congress and the President continue to work together to revitalize the economy, the White House has prepared several progress reports on the impact of the American Recovery and Reinvestment Act on each state. The Recovery Act is the first step to revitalize the economy, create jobs, and move our country in a new direction.
View the California Progress Report or check out more information about the Recovery Act's impact on the Bay Area.
Posted by Peake, Amy at 04:21PM | Comments () | TrackBack (0)
Miller discusses Student Loan proposals
Rep. Miller recently announced plans to make student loans more reliable while saving billions of taxpayer dollars. The President's budget includes instructions for the House Education and Labor Committee to enact reforms that produce $1 billion in savings for taxpayers over the next five years. Miller says the committee intends to use these instructions to enact student loans reforms that will benefit American families and taxpayers. More information...
Posted by Peake, Amy at 07:24PM | Comments () | TrackBack (0)
