February 27th, 2009
08:58 AM ET

Obama's budget

Anderson Cooper talks with a panel about President Obama's budget and potential criticisms he may face.

soundoff (6 Responses)
  1. Marc Goldstone, Chair. Arizona Tax Revolt

    It seems that no one in Washington is thinking. This is doing little to restore confidence in leadership which after all is the root cause of the so called "credit crisis."

    The latest debacle is AIG giving $165 million in bonuses to reward executive failure. The only action the US taxpayer would support is a 100% tax rate on these executives. How about Congress demonstrate that they are on the side of right by passing emergency legislation to make it so?

    March 16, 2009 at 12:53 pm |
  2. ann

    David you are doing it again. things have to level out. The stock market and financial markets are taking a beating because THEY SCREWED UP - not Obama!!! People are staying away from the market because those on wall street cheated us. they have no moral values do not care that you are putting your live savings at risk all they want is to be paid. Our President has only been there a few weeks and already you are knocking him down. He is probably the only politician that is working for the American people at this time. And yes he can do more than one thing at a time. Those blow hard politicians who do just that blow hard cannot even think of one thing at a time. Quite frankly they all need to go home!! they are not doing the people's work!!

    March 13, 2009 at 5:53 pm |
  3. Philip Maneval

    Dear David Gergen, I enjoyed your analysis during the election but feel you are missing the bigger picture now. I run a small nonprofit and health care insurance costs are the largest (and least controllable) part of my budget. There is no competition to speak of, giving the health insurance company de facto control. They can raise premiums and limit benefits as much as they wish, and their annual increases have been excessive and outrageous. This directly influences hiring and limits job creation. Health care reform cannot wait. It is not only a matter of basic decency, but also economics. Obama is absolutely right to tackle this issue now–the absence of reform will greatly hinder our ability to stabilize the economy and re-create long-term growth. Republicans seem to have no health care reform plan at all, no way to limit the extent of future increases, let alone broaden coverage.

    February 27, 2009 at 3:05 pm |
  4. Ellepatricia

    Obama talked tough about reviewing the budget "line by line" to eliminate wasteful/unnecessary spending. Does that mean he's bagging the 8000-some earmarks in the omnibus bill tha the House just passed? Has he answered that question directly or was it just a sound bite for campaign purposes?

    February 27, 2009 at 1:13 pm |
  5. Martina Ilstad Germany

    There are a lot of big problems not only for the american people,but we have to overcome that problems,it will take a long time,you can saw i am a dreamer but i am a beliver.maybe we dont have the same money liked we had bevor,but we have the possibility and the duty,to survive this problems,if not for ourself than for our children,the next genaration.

    February 27, 2009 at 12:19 pm |
  6. Michael C. Mchugh

    The last thing I'm worried about is deficit spending in a depression. We need to do that and do it aggressively, and also get the Federal Reserve to distribute more money in all directions.

    I do worry about the IOUs in the Social Security Trust Fund, and how to ensure it is adequately financed in the decades ahead. The same with any trust fund for universal medical coverage.

    I can't think of a way to finance these with taxes alone, not without breaking the back of many small businesses and taxpayers. The only idea I could come up with is direct subsidy from the central bank itself for Social Security and a national health insurance program.

    February 27, 2009 at 11:15 am |

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