The "NEW" budget plan

On February 11 2012 New YorkTimes posted an article titled "Obama Budget Bets Other Concerns Will Trump the Deficit." The new budget is supposed to increase taxes on the rich and more spending on infrastructure and manufacturing. Even though Obama and congress has been trying to reduce the national deficit, there has not been much success during the Obama's presidency. Most of the deficit can be contributed to the war during the Bush era and the economic recession. With a more aggressive tax plan on the rich this may help bring down the deficit. Also investing money back into the country for employment of the U.S. citizen will be very beneficial to the economy. Although it is not mention in the article but with the war almost over, there will be less spending on those issues. Hopefully there will be a moment of peace for America.  The New budget also mentions of a $61 billion dollar “financial crisis responsibility fee” for the largest companies and a tax overhaul referred to as “everyone pays their fair share.”  Maybe this make the large companies uphold their business and assume responsibilities for their actions and not have to receive a bailout.