WASHINGTON — Americans are modestly optimistic that the upheaval in Egypt will increase the chances for an enduring peace in the Mideast, a USA TODAY/Gallup Poll finds, though there is also concern about the potential consequences of the uprising that ousted President Hosni Mubarak.
Those surveyed give President Obama high marks for his handling of the unfolding situation. By more than 2 to 1, 66%-28%, they credit him with doing a good or very good job.
On paper, President Obama’s new $3.7 trillion budget is encouraging. It makes a number of tough choices to cut the deficit by a projected $1.1 trillion over 10 years, which is enough to prevent an uncontrolled explosion of debt in the next decade and, as a result, reduce the risk of a fiscal crisis.
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For the most part, Mr. Obama has managed to cut spending while preserving important government duties. That approach is in stark contrast to Congressional Republicans, who are determined to cut spending deeply, no matter the consequences.
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The budget is responsible in other ways. It would cap the value of itemized deductions for high-income taxpayers and use the savings to extend relief from the alternative minimum tax for three years so that the tax does not ensnare millions of middle- and upper-middle-income taxpayers for whom it was never intended. For nearly a decade, Congress has granted alternative minimum tax relief without paying for it.
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Mr. Obama’s budget does not directly address those big issues, but doing so would require a negotiating partner, and Mr. Obama, at present, does not have one among the Republican leaders in Congress
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Here’s the president’s full even yesterday in Maryland, including the sweet short discussion with the kids.