Thursday, April 21, 2011

Obama defends his fiscal policy on Facebook

The U.S. president, Barack Obama goes, Wednesday, April 20 at the headquarters of Facebook, California, to defend his budget strategy from users of social network, a pool on which he intends to try to keep the White House in 2012. The U.S. leader, who boasts over 19 million friends in the network founded by Mark Zuckerberg, participates in a question and answer session broadcast from 13: 45 pm (22: 45 pm in Paris) in the local Business in Palo Alto near San Francisco.

He posted on his Facebook page a video urging Americans to participate. Barack Obama has made his interventions on social networking element of his strategy since his successful campaign in 2007-2008. Continuing in this vein anti-institutional, it was announced two weeks ago, his candidacy for the 2012 presidential notably through his Twitter and Facebook.

Innovative in form, this meeting of Wednesday, April 20 should remain on the bottom, true to the argument that since Obama hammered his speech of April 13, in which he presented his strategy to curb the budget deficit and reduce debt. He had laid his groundwork well to ideas of Republicans, especially against rising budget 2012 presented by the majority Republican in the House of Representatives.

This budget provides a challenge to the financing of social benefits and new tax breaks for the rich. Mr. Obama concluded in December, a compromise with his opponents, winning parliamentary elections in mid-term. He accepted an extension of tax breaks from the outgoing Republican George W.

Bush, including for the most wealthy in exchange for an extension of benefits for the unemployed. But, faced with an annual budget deficit of 1600 billion, or $ 1 110 billion euros (10.6% of GDP, against 7% in France), and a debt exceeding 14,200 billion dollars, 9800 billion euros (91.6% of GDP, against 81% in France), the President decided, April 13, the objective of reducing the deficit of 4000 billion dollars (2700 billion) accumulated twelve years.

He also promised to end tax breaks for the richest at the end of 2012. The deficit issue has become a theme of the campaign for the presidency in November 2012, especially since the influential rating agency Standard & Poor's raised doubts Monday about the ability of the United States to overcome Forward this record debt.

For the first time in its history, the agency lowered from "stable" to "negative" the outlook for the rating of U.S. debt. A real warning shot while Democrats and Republicans fail to agree on a common strategy to reduce deficits. Le Monde. uk (with)

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