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Obama: Proposed budget not my 'ideal plan'.
Confronting bipartisan criticism, President Obama conceded Saturday his proposed budget is not his "ideal plan" but said it offers "tough reforms" to the nation's benefit programs while closing loopholes for the wealthy, a mix that he argued will provide long-term deficit reduction without harming the economy.
Obama's budget calls for slower growth in government benefits programs for the poor, veterans and the elderly, as well as higher taxes, primarily from the wealthy. Some of its details, made public Friday, drew a fierce response from liberals, labor unions and advocates for older Americans and prompted an unimpressed reaction from Republican House Speaker John Boehner.
Obama's plan has two central features -- $580 billion in new taxes that Republicans oppose and a new inflation formula, rejected by many liberals, that would reduce the annual cost of living adjustments for a broad swath of government programs, including Social Security and benefits for veterans.
Read more: http://www.foxnews.com/politics/2013/04/06/obama-proposed-budget-not-my-ideal-plan/#ixzz2PhtGAVBU
In the event that no vote on the Presidents budget takes place, the market will answer, as a "Yes".
NOTE: Originator will not participate in this market for 6 hours after opening, or after 2 players have participated, whichever comes first.