President Obama wants to shrink the deficit and promote economic growth.
“For years, an argument in Washington has raged between reducing our deficits at all costs, and making the investments we need to grow the economy. My budget puts that argument to rest. Because we do not have to choose between these goals - we can do both.”
Obama says his budget will curb spending and cut corporate tax breaks - while boosting funding for infrastructure and education.
Republicans have already rejected the proposal. House Speaker John Boehner says the president’s budget “never balances.” Former Republican Senator Sam Brownback, now governor of the state of Kansas, says the private sector holds the key to better economic and fiscal health.
“Our Republican message is a belief in the power of people rather than the control of government. This unleashes the creativity of entrepreneurs and the strength of hope and dreams.”
The budget battle comes one month after the start of automatic federal spending cuts, known as the sequester, that may have contributed to a weakening labor market. The U.S. economy created fewer than 100,000 jobs last month. White House economist Alan Krueger predicts a tough road ahead.
“We have heard from some companies that the sequester is affecting their hiring decisions. Obviously, government spending has been cut as a result of the sequester. So going forward that is going to be a weight on the economy.”
1.unveil vt. 使公诸于众，揭开；揭幕
eg. The statue will be unveiled tomorrow.
2.sluggish adj. 萧条的；迟钝的；行动迟缓的；懒惰的
eg. This humid heat makes you feel rather sluggish.
3.foreshadow vt. 预示；成为…的前兆
eg. Those dark clouds foreshadow a storm.
4.shrink v. 使缩小，使收缩；紧缩
eg. Woollen fabrics shrink in the wash.
5.tax break n.税额优惠
eg. And we've been getting huge tax break for years.
6.hold the key to 掌握……的关键
eg. How to estimate American actual strength appropriately, is the key that holds current world situation correctly.
7.unleash vt. 发动；解开…的皮带；解除…的束缚
eg. The full force of his rage was unleashed against me.
8.contribute to 有助于；捐献
eg. Various factors contributed to his downfall.
eg. Both systems contribute to the decentralization of power.