Current Events Cheat Sheet: Obama Makes a Budget Plan

The former leader of the Ivory Coast, Laurent Gbagbo, was arrested on Monday after months of refusing to concede power to the rightfully elected president, Alassane Ouattara. (Read more on that here.) Ever since the election back in November, the country has been in the throes of a violent standoff between supporters of Gbagbo and Ouattara. Unfortunately, though, the violence hasn’t ended; on Wednesday, it was reported that citizens are still going into hiding and fleeing the big cities. Killings continue, adding to the over 1,500 lives that have already been claimed.

In a speech on Wednesday, President Obama announced a plan to cut the federal budget deficit by $4 trillion over the next twelve years. Things have been tense lately as we get closer and closer to the $14.3 trillion legal limit on borrowing.  Obama’s plan includes increased taxes on the wealthy and cuts on military and domestic spending. He did not, however, agree to Republican proposals to cut back his recent health care initiative. During the speech, news cameras caught the vice president nodding off; it’s OK Joe, I think it’s kinda boring, too ;) Read More »


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