April 3. 2009

Gracious host, British Prime Minister, Gordon Brown and U.S. President Barack Obama

President Barack Obama’s expensive, debt-ridden $3.5 trillion dollar budget has been approved by Congress. Time will show what the end result of this massive spending will be.

Figuratively speaking, the government should have roughed up the banks, legally compelling them to help homeowners stay in the properties, with some of the debt forgiven, as said lending institutions received taxpayer money, to compensate for toxic financial instruments.

The government should have made it abundantly clear, if they want to do business in the nation, they better play ball and help homeowners. It would have been more cost effective than constantly throwing money at the banks.

Billions of dollars designated for certain non-pressing budgetary items, such as many of the global warming inspired initiatives, should have been removed, even saving them towards the end of the presidency, with the hope the financial outlook would have improved by then.

Senate follows House, passes Obama budget plan

WASHINGTON (CNN) -- The Senate passed a $3.53 trillion version of the federal budget for fiscal year 2010 late Thursday night in a party-line vote, ending several weeks of acrimonious partisan debate.

The U.S. House passed a $3.55 trillion budget for fiscal year 2010 Thursday night.

The package was approved on a 55-43 vote. GOP Sens. Arlen Specter of Pennsylvania, and Olympia Snowe and Susan Collins of Maine -- who voted in favor of the president's stimulus bill last month -- voted against what is essentially the blueprint of Obama's economic policies going forward.

http://www.cnn.com