PRESIDENT OBAMA: Thank you so much. Well, it is a great pleasure to be here. Let me begin by thanking Professor Rahmi Aksungur — did I say that properly — who is director of the university here. And I want to thank all the young people who’ve gathered together. This is a great privilege for me …
WASHINGTON (Reuters) – The U.S. budget deficit almost hit $1 trillion during the first six months of this fiscal year which began on October 1, according to estimates released on Monday by the Congressional Budget Office.
Extremism, always a co-conspirator of the GOP in their quest for absolute control of the nation, is emerging as the dominating force in the Republican Party’s new war against Democrats and President Barack Obama.
Led by hate-spouting iconoclasts like Glenn Beck, Rush Limbaugh and Newt Gingrich, Republicans are comparing Obama to Hitler, Democrats to Nazis and invoking all the fear they can muster in an effort to turn back and the clock and restore their political fortunes.
Defense Secretary Robert Gates presented the first proposed defense budget of President Barack Obama’s new administration Monday and the proposals cut deep into traditional Pentagon weapons systems while proposing a major shift in stragegy in how the United States fights future wars.
But Obama’s first war will be with Congress where powerful members of the House and Senate see the cuts as threats to bread and butter jobs as well as votes back home.
The proposed overhaul will not be easy.