More Details on Obama’s Budget Proposals

By Elizabeth Fairchild, your national budget news source

Changes to agriculture

agriculturePresident Barack Obama revealed his budget proposals yesterday. The 2010 budget increases funding for the Agriculture Department to $26 billion. However, it also decreases funding for some programs that have been around for a long time.

No more farm subsidies for some

Over the three years that begin in September, Obama proposes phasing out direct payments to some farmers. This will only affect farmers who bring in more than $500,000 per year in sales revenue.

He will also decrease funding for the Market Access Program. The plan would eliminate funding to  promote overseas brands.

Expensive census

Obama hasn’t appointed a Department of Commerce Secretary yet, but he has drawn up plans for how much he wants to spend on commerce. This department’s funding would make a big jump from $9.3 billion to $13.8 billion.

Most of the additional spending would go toward the 2010 Census. Obama wants to ensure the Census is completed “effectively, efficiently and on time.”

Investing in education

The 2010 budget calls for $46.7 billion for education. That’s $500 million more than the education budget for 2009. The budget includes $2.5 billion to help low-income students go to college.

Focus on energy

In the Energy Department, the budget allows for $26.3 billion in spending. That’s in addition to the $11 billion for energy in the stimulus package.

Obama says his plan “supports and encourages the early commercial development of innovative, clean energy technologies through loan guarantees.”

Beefing up security

Obama plans to invest more money in Homeland Security than was spent last year. The total comes to $42.7 billion, compared to$40.1 billion in 2009.

His plan includes adding more “Visual Intermodal Protection Response” teams, changing the system for vetting travelers and workers, expanding the electronic employment eligibility verification system and extra funding for Immigration and Customs Enforcement programs.

And justice for all

poklice dogThe budget proposes funding to hire more prosecutors and agents to combat financial fraud and more police officers. It dedicates funds to making the border more secure and proposes $145 million to strengthen civil rights enforcement.

Previous Article

« New California Gold Rush-the Housing Market

Remember the California Gold Rush? The housing market in California has collapsed. Now it's the rush to get affordable housing there… Global recession
Next Article

U.S. Troop Withdrawal From Iraq Complete by 2012 »

Complete U.S. troop withdrawal from Iraq is long overdue, and President Obama has promised it by January 1, 2012. Unfortunately, families will face economic...

Enter your email address:

Email Delivery by FeedBurner

Discussion of More Details on Obama’s Budget Proposals

This post has one comment

  1. Peter Stone says:

    I hope that these increases are accompanied by some generous cuts to other spending, because at this rate we’re going to wind up with a bigger deficit. Obama has said he’s going to slash it, and I hope so, because we’ll be paying for it for decades.

Trackbacks / Pingbacks

Comments are closed.

Other recent posts by Elizabeth Fairchild

10 reasons people are walking away from mortgages

Some people are so fed up with the housing market that they're willing to allow their mortgages to go into default and walk away from their property...
mortgages

Rock on the Range 2010 lineup confirmed

The full Rock on the Range 2010 lineup has been announced, and I've got the goods. Layaway tickets are available on sale today...
Rock on the Range 2010 lineup

The Chillow Pillow | A gift for Valentine’s Day?

Could the Chillow Pillow be a great Valentine's Day gift and the end of a long-running disagreement? Is it worth $25 to find out?
Chillow Pillow, Valentine's Day