Barack Obama, the US president, has submitted a 2013 budget on Monday and said the new proposal, including tax hikes on the rich and jobs programmes, would expand economic growth in the country. Obama said his $3.8tn budget would create jobs, change an economic system tilted towards the wealthy and make long-term cuts to deficits now set to top $1tn four years in a row. But the blueprint immediately sunk into the mire of Washington politics, with Republicans branding it an "insult" to taxpayers, a mere "campaign document" and an example of an America "drowning in debt". Al Jazeera's Alan Fisher reports from Washington.
|Posted by Alan Fisher on February 14, 2012 at 8:45 AM||5893 Views|