Big Island Video News

Serving Hawaii County

  • Hawaiʻi Island News Regions
    • Hamakua
      • Mauna Kea
    • Hilo
    • Kau
    • Kona
    • Kohala
    • Puna
VIDEO: Obama, Abercrombie, Kenoi: budget crunches for all
Avatar photo

by Big Island Video News
on Jan 26, 2011 at 12:56 pm

Subscribe to Big Island Video News (FREE)

* indicates required

STORY SUMMARY

Video courtesy the White House, voice of Stephanie Salazar As Hawaii Governor Neil Abercrombie clamps down on the state’s fiscal situation, so too is the president of the United States. President Barack Obama delivered the State of the Union address in Washington D.C. on Tuesday, in which he talked about moving forward to create jobs, […]

Video courtesy the White House, voice of Stephanie Salazar

As Hawaii Governor Neil Abercrombie clamps down on the state’s fiscal situation, so too is the president of the United States.

President Barack Obama delivered the State of the Union address in Washington D.C. on Tuesday, in which he talked about moving forward to create jobs, out-compete in the global economy by investing in innovation and education, and win the future for our children and our country.

The President also warned the nation that some tough decisions are ahead.

“So tonight,” said the President, “I am proposing that starting this year, we freeze annual domestic spending for the next five years. Now, this would reduce the deficit by more than $400 billion over the next decade, and will bring discretionary spending to the lowest share of our economy since Dwight Eisenhower was President. This freeze will require painful cuts. Already, we’ve frozen the salaries of hardworking federal employees for the next two years. I’ve proposed cuts to things I care deeply about, like community action programs. The Secretary of Defense has also agreed to cut tens of billions of dollars in spending that he and his generals believe our military can do without.”

“Now, most of the cuts and savings I’ve proposed only address annual domestic spending, which represents a little more than 12 percent of our budget,” Obama added. “To make further progress, we have to stop pretending that cutting this kind of spending alone will be enough. It won’t.”

Hawaii County can expect a similar message from Mayor Billy Kenoi when the administration’s first ever “state of the county” address is given on Thursday.

Huge budget deficits are facing government on the county, state and federal levels.


Filed Under: Uncategorized

LATEST NEWS

Big Island Video News Update for Thursday – June 1st, 2023

Waimea Nature Park Celebrates National Trails Day, June 3rd

DLNR Makes Coral Damage Assessment After Canoe Regatta

Waimea Man Severely Injured in Kawaihae Road Crash

Mayor’s First “Community Impact Check-in” Held In South Kona

Puna Woman Arrested After Violent Encounter With Child

About Big Island Video News

  • Privacy Policy

Copyright © 2023 · Dynamik-Gen on Genesis Framework · WordPress · Log in