Agricultural and Food Policy
 Agri Outlook
Radio
Number 129
Policy:
The President's FY09 Budget
(3:06 minutes)
Audio/Video Script:
Dr. Bobby Coats
Extension Economist
University of Arkansas, Division of Agriculture
Policy:
The President's FY09 Budget
( minutes)
The President on his FY09 Budget says, the budget addresses immediate
economic challenges, ensures sustained prosperity, keeps America safe and
balances the budget by 2012. I’m Bobby Coats Extension
Economist University of Arkansas Division of Agriculture.
The President says,
The budget addresses immediate economic challenges by
First, including a bipartisan economic growth package that spurs
investment and strengthens the Nation's economy, and
Secondly the budget promotes and preserves the American dream of
homeownership though education and assistance to combat foreclosures and
maintain a stable, healthy housing market.
Next, the budget provides funding that ensures sustained prosperity by
First, the budget makes tax relief permanent for long-term economic
growth and sustainability.
Second, it improves access for more Americans to affordable health
care by fostering a marketplace, encouraging competition, and improving
efficiency.
Third, it builds on the success of No Child Left Behind through
support of proposals to reauthorize and strengthen the law while also
proposing policies to make college more affordable for families.
Fourth, it keeps the U.S. the most innovative nation in the world by
implementing the American Competitiveness Initiative (ACI). And
Fifth, it increases energy security by focusing on renewables,
accelerating technological breakthroughs, and expanding traditional
sources to reduce our reliance on foreign oil.
Next, the budget provides funds to keeps America safe by
First, funds supports the national defense and funding for America's troops.
Second, funds enhances homeland security and terrorism prevention.
Third, funds promotes peace, democracy, and economic opportunity
worldwide through diplomatic, development, and reconstruction
activities.
Finally, the President says that his budget balances the budget by 2012 by
First, it maintains proven pro-growth policies by keeping taxes low and
restraining government spending to ensure that near-term deficits are
overcome and we achieve a surplus in 2012.
Second, the budget continues to address the long-term challenge of
unsustainable entitlement spending. And
Third, it improves results of government programs and instills
greater transparency so that taxpayer dollars are spent wisely.
This has been Bobby Coats Extension Economist University of Arkansas Division
of Agriculture.
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Food Policy Radio
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