By Lori Montgomery

Washington Post Staff Writer
Monday, February 14, 2011; 12:57 PM

President Obama rolled out a $3.7 trillion budget blueprint Monday that would trim or terminate more than 200 federal programs next year and make key investments in education, transportation and research. The plan is aimed at boosting the nation’s economy while reducing record budget deficits.

<!– var rn = ( Math.round( Math.random()*10000000000 ) ); document.write('‘) ; // –>In a news conference at a Baltimore County middle school, Obama cast the document as a responsible alternative to the deep spending cuts that Republicans will urge in a vote this week on the House floor. Obama’s plan would trim domestic spending by hundreds of billions of dollars over the next decade, striking hard at programs long favored by Democrats to make room for targeted increases in energy and medical research, corporate research and development and a new network to bring high-speed Internet access to 98 percent of Americans.

However, Obama also would rely heavily on new taxes, to a degree unacknowledged by administration officials in recent days. His budget request calls for well over $1.6 trillion in fresh revenue over the next decade, much of it through higher taxes on the wealthy and businesses.

Households with income of more than $250,000 a year would immediately see new limits on the value of their itemized deductions. And starting in 2013, they would lose the lower tax rates and other breaks that were enacted during the George W. Bush administration and recently extended.

The president proposes to hit businesses with an array of proposals he has offered in the past, including an end to subsidies for oil and gas companies, new taxes on hedge fund managers and a $30 billion fee on financial institutions aimed at repaying taxpayers for the federal TARP bailout.

The cuts target defense, heating assistance and community development grants and include a scale-down of the Pell grant program for college and vocational students.

The announcement was Obama’s opening argument in what is likely to be months of debate with congressional Republicans who want to see deeper cuts.

He cast the reductions as necessary but also said that more funding for scientific research, innovation and education were essential to keep American competitive with other nations.

“It would mean cutting things that I care deeply about,” Obama said. “But if we’re going to walk the walk when it comes to fiscal discipline, these kinds of cuts will be necessary,”

He said that “while we are absolutely committed to working with Democrats and Republicans to find further savings … we can’t sacrifice our future in the process.”

Obama described his education initiatives as “investments in the future” and said he would fight for more funding.

Although Obama seeks an overhaul of the corporate tax code to lower the 35 percent rate on corporate profits, his budget does not make that costly adjustment. Instead, it offers previous proposals to eliminate tax breaks for corporations that do business overseas, reaping $129 billion in new revenue through 2021.

 

Obama also directs Congress to develop a plan to pay for a new, multi-year transportation bill, a measure traditionally funded by increasing the federal tax on gasoline. “Bipartisan financing” for the transportation trust fund is likely to add another $328 billion to the revenue tally, raising total tax hikes in Obama’s budget request to nearly $2 trillion through 2021.

<!– var rn = ( Math.round( Math.random()*10000000000 ) ); document.write('‘) ; // –>The request drops one major proposal from previous budgets: Obama’s plan to develop a system of tradeable vouchers for greenhouse gas emissions. The measure, which passed the House, came under fierce attack from the GOP and the industry and was never taken up by the Senate.

Obama’s deficit-reduction strategies would do little to improve the immediate budget outlook. Obama projects that the deficit will hit a record $1.6 trillion this year – which, at nearly 11 percent of the economy, would be the largest since World War II. The bigger wave of red ink is caused in part by the recent bipartisan tax deal, which reduced payroll taxes this year for virtually every working American.

The annual deficit would recede to $1.1 trillion next year, as Obama’s latest policies began to take effect – the fourth straight year of trillion-dollar deficits. Obama projects that the deficit would fall rapidly thereafter, settling around $600 billion a year through 2018, when it would once again begin to climb as a growing number of retirees tapped into Social Security and Medicare.

All told, Obama estimates that the nation would have to borrow an additional $7.2 trillion through 2021 under his policies, an improvement from previous projections that exceeded $9 trillion. His plan calls for annual deficits – and therefore annual borrowing – to stabilize at about 3 percent of the economy for much of the decade. The national debt would then level off at about 76 percent of economy, nearly double the debt burden the nation carried before the recent recession.

However, those figures are based on the assumption that the economy will grow 4 percent in 2012 and 4.5 percent in 2013 – well above most private and governmental projections.

Obama said the document represents a pivot toward fiscal responsibility after two years of increased spending to stabilize the ravaged economy.

“Now that the threat of depression has passed, and economic growth is beginning to take hold, taking further steps toward reducing our long -term deficit has to be a priority, and it is in this budget,” Obama wrote. “We will not be able to compete with countries like China if we keep borrowing more and more from countries like China.”

But Republicans blasted the document as a bait-and-switch, saying it fails to live up to recent assertions by White House budget director Jacob Lew that Obama would reduce deficits primarily by cutting spending.

“What we have here is a total abdication of leadership and talking points based on gimmicks and cooking the books,” House Budget Committee Chairman Paul Ryan (R-Wis.) said in an interview. “To me, it’s more than disappointing. I expected more taxes, but I also expected some serious spending controls or reforms, and we’re getting none of it.”

Although the budget request offers an important glimpse of the president’s priorities – his first since Republicans regained control of the House in November – it is unlikely to have much influence in the budget debate on Capitol Hill. House Republicans plan to offer their own spending proposal for fiscal 2012, after attempting to push through sharp and immediate cuts to spending this year.

Democrats, who control the Senate, have vowed to block the GOP cuts, setting the stage for a battle that could shut down the government unless the two sides can agree by a March 4 deadline. For next year’s budget, Senate Democrats are more amenable to Obama’s approach. But they, too, are pursuing a bolder budget strategy in hopes of striking a bipartisan compromise that would go further to solve the nation’s long-term problems.

 

“If we’re going to get this debt down to a level that’s sustainable, then we’ve got to do substantially more than $1 trillion worth of deficit reduction in the next decade. We just do,” said Senate Budget Chairman Kent Conrad (N.D.).

<!– var rn = ( Math.round( Math.random()*10000000000 ) ); document.write('‘) ; // –>A senior administration official said Obama’s budget request maps “a sustainable path” that would stabilize government finances in preparation for a broader debate about how to tackle the biggest drivers of future deficits: Social Security and health care for the elderly, as well as a tax code that offers more in breaks and deductions than it collects in revenue.

Obama’s budget makes clear that he will not take the lead in that debate: It contains no specific recommendations for tax or entitlement reform.

Senior administration officials pointed to two significant changes that would improve the budget outlook by eliminating long-standing gimmicks Congress has used to hide the true depth of the red ink. The first would cover the cost of adjusting Medicare to ensure that payments to physicians are not subject to steep reductions. The second would pay for adjustments to the alternative-minimum tax to prevent it from striking deep into the middle class over the next three years.

And with Republicans unwilling to consider changes in tax policy as part of their deficit-reduction effort, Obama challenges them to reconsider. If Congress would permanently fix the AMT, or pay for its provisions, after 2014, the nation’s debt would start to shrink as soon as 2015.

The budget plan offers challenges for Democrats, as well. With voters clamoring for less spending, Obama is proposing cuts that many of his colleagues in Congress will find painful, lawmakers said.

A five-year freeze on domestic programs would reduce spending in that category to the lowest level, measured against the economy, since President Dwight D. Eisenhower left office in 1961. Half of all agencies would see their budgets reduced.

Among the cuts: Community development block grants would lose $300 million; low-income heating assistance would be sliced in half; a Great Lakes Restoration initiative would lose 25 percent of its funding; $1 billion would be cut from large airport grants and nearly $1 billion would be trimmed from a fund that finances water treatment plans and other infrastructure projects.

Nearly 40 duplicative or inefficient education programs would be condensed into 11, and 13 more would be eliminated. Sixty duplicative transportation programs would be consolidated into five, and limited to making investments only if Congress agrees on a financing plan that would not increase the deficit.

The Pentagon would also take a hit of $78 billion over the next five years, and defense spending would increase only for inflation thereafter. Combined with the drawdown in Iraq, overall military spending would be cut by 5 percent in 2012, compared with Obama’s fiscal 2011 request.

On Sunday, a senior White House official pointed to a trade-off that he called emblematic of the administration’s efforts: a plan to scale back portions of the Pell grant program, a key initiative of the Obama administration, to cover the growing cost of providing a maximum $5,550 benefit to more than 9 million eligible students.

Republicans attacked the blueprint based on early reports, saying it would do too little to satisfy the public hunger for smaller government.

“The president talks like someone who recognizes that spending is out of control, but so far it hasn’t been matched with action. And his only solution to one of the most significant problems facing our country is to lock in spending at levels we all know are completely unsustainable,” Senate Minority Leader Mitch McConnell (Ky.) said in a statement. “Americans don’t want a spending freeze at unsustainable levels. They want cuts, dramatic cuts.”

Democrats defended the president.

Obama’s budget blueprint “strikes the right balance, offering tough cuts in a responsible manner,” said Rep. Chris Van Hollen (Md.), the senior Democrat on the House Budget Committee. “Compared to the slash-and-burn Republican approach, this budget positions the president as offering a responsible approach to deficit reduction.”

Come to think of it

June 16, 2009

Has the recent turndown in the economy had an effect on your business?

What steps have you taken to tighten the belt?

Did you reduce the workforce? 

Did you reduce or drop employee benefits? 

In difficult times you may find you have to think outside the box. Reducing the workforce and employee benefits are obvious choices. 

There are diamonds in the rough out there! 

Where you ask? If you only knew!

 Most companies budget for expenses and never really drill down to see if there are opportunities for savings.

 Deregulated Energy: Natural Gas and Electric

 Is your company paying more than $5000 a month on natural gas or electric for your building! 

The deregulated Gas and electric market is the lowest it has been in the last 3 to 4 years. 

Our clients are saving from 15% to 30% on natural gas. 

 

Just in the last week, we saved a client over $45,000 by locking in their Natural gas for the next 12 months.

 

Our electric clients are saving from 6% to 15%

 

Just last week, a client saved over $94,000 by locking in their electric for the next 12 months.

 

How much do you think your company may qualify to save?

The local provider buys gas and electric in the wholesale marker and sells it to you retail.

We put our clients in the wholesale position.

 The savings is yours and falls to the bottom line!

 Voice and Data:

Here is the real sleeper. Many companies feel they wear a safety blanket for they have Verizon or ATT as their provider.

You are paying a premium for that blanket!

Deregulation allows third party providers to use the Verizon / ATT platform and deliver voice to their clients at a discount.

 Our clients are saving from 15% to 40% on their monthly Voice and Data Billing. 

What is 25% of your bill?

 Come to think of it, we haven’t looked at these costs recently?

 Call Hutchinson Business Solutions 856-857-1230. There is no fee for our services!

 Or you can email george@hbsadvantage.com

 

Let the savings begin!!!!!

 

Turn on the TV, we are being blasted 24/7.

Obama….Clinton….McCain

Who said what today.

How do you think the other candidate will respond?

Throw the kitchen sink at him,

if that doesn’t work throw the toilet.

He has no experience,

Is being first lady count as experience?

He is more of the same.

However you want to phrase it, we seem to be having problems.

My oldest son, George IV just went to Europe, exchange rate 1.52 “ouch”!!!

Oil prices have topped $109 a barrel!

They are saying we’ll see $4.00 gas this summer

Foreclosures are at an all time high!

Meanwhile the value of our houses’ keeps falling,

Down 10% – 20%, depending on where you are located.

What is the answer?

Do we wait for the new President to be elected? 

The answer lies with you. 

You must create the opportunities that will help you sustain thru these difficult times. 

Hutchinson Business Solutions creates opportunities to provide savings. 

We just don’t look at things and ask why,

We ask why not!

Don’t be caught up in the same day-to-day business cycle.

Difficult times command “Bold solutions!” 

Thinking “Outside the Box” 

Current economic situations present a call to action. 

We are just not looking for way to sustain.  

We provide solutions that allow you to prosper and grow.

Catch the fever!

Call 856-857-1230, to learn more about opportunities available for your company.  

          Hutchinson Business Solutions…Your CFO on the Go.     

      Creating opportunities today … Defining profits for tomorrow.

Do you?

January 21, 2008

Do you have vehicles on the road?

Where are they?

How much time is wasted traveling between assignments?

 How is their driving? 

Many companies are asking this question and have phone numbers visibly placed on the back of their vehicles.

 Have you received any complaints? 

Are your vehicles running efficiently?

 Has the manufacturer ever notified you of a recall? 

Do you keep vehicle service records?

How would you like all this information right at your disposal?

 Networkcar has made it very affordable. 

Whether you have 3 vehicles or 300 vehicles, you can place all your vehicles in the palm of your hands.

No special programs, you can access Networkcar from any computer. Just log in and our satellite will locate all your vehicles. It will provide a log of:

·      Where are all you vehicles?

·      Where they have been since the day started?

·      How fast are or have they been going?

·      How long were they idling?

·      Is the engine currently running or is it off?

·      Has there been any off time usage?

·      What is the current mileage?

·      How many miles per gallon is the vehicle getting?

·      Is there any signal noting the engine needs attention?

·      Is it due for routine maintenance?

·      Has there been a recall?

This is just a sample of the information that is available to you.

 

Click on or copy the link provided below to learn more about the benefits of the Networkcar solution.

            http://www.networkcar.com/ResellerProductTour/master.html

  

Our clients find that Networkcar is the solution they have been looking for?

 Affordable, our clients are finding the ROI is less than 6 months. 

Want to know more?

Just give us a call and ask for a demo.

856-857-1230

 Hutchinson Business Solutions…Your CFO on the Go.

Defining opportunities today … Providing savings for tomorrow.

92% of Americans say

January 7, 2008

92% of Americans Polled say they are Happy?

Turn on the TV you are bombarded.

The presidential election has been going on for almost 2 years now. Each day we are given a new up to the minute poll to digest. Who’s in the lead? Who said what?

Information overload!!! Are we able to choose for ourselves or are we told who to vote for?

Gold hits a record high, Oil prices continue to climb, Gas has settled around $3.00.

Housing prices have dropped over 20%, Mortgage defaults are at a record high, It’s getting harder to get a mortgage:

Yet 92% of Americans polled said they are Happy!!!!!

What’s in the water???

Don’t ask!!

The great China trial is over….lead paint!

The Middle East continues to crumble….

The people in Dafur are starving.

Kenya is rioting.

Yet 92% of Americans polled said they are Happy!!!!!Did anyone ask you?I must admit I am Happy. But most of all I am thankful.

Thankful that everyday we are given the opportunity to choose.

It is still not a perfect world but we have learned to live with its brokenness and still be happy.

Have you had enough?

Want some good news for a change?

Hutchinson Business Solutions has a 90% success rate providing refunds and savings for our clients.

Give us a call.

We can make your day! 856-857-1230

Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.

Where did the day go?

December 3, 2007

 

 

Where did the day go? I had a whole list of things I wanted to get done but that went out the window as soon as I walked in this morning.

 

 

Sound familiar! Are you running your day or the day running you?

 Ever think of outsourcing? 

Companies have come to realize that outsourcing is a fairly powerful and effective management tool. It allows you to address an issue, provide a solution; increase efficiencies and profits while keeping your pulse on daily activities that demand your attention.

 

 

When a company approaches outsourcing for the first time the most challenging question is the most basic one: Where do we begin?

 

 

A recent executive forum favored starting with generic, transaction based business processes such as finance, accounting and information technology. They felt that these fields offer quick wins, attractive returns with relatively low levels of risk.

Hutchinson Business Solutions….Your Outsource Solution

Today it is more important than ever to take an objective look at your operating expenses.

 

 

Below are areas with great opportunities for savings.

  • Payroll Taxes – There is a 50% chance you are overpaying payroll taxes.
  • Sales Tax – Long thought to be the “cost of doing business.”
  • Telecom – Clients are saving from 10 % to 40%.
  • Fleet Management – You can now “put your fleet in the palm of your hand.”
  • Data Solutions – Ask about our Virtual CIO Managed Service Program.
  • Utilities – Deregulated savings for large volume users.
  • Insurance – Cost continue to trend from 10% to 20% a year.

Many clients are enjoying the savings and have received refunds for overpayments.

A new global study on business outsourcing relationships finds that

:·        74% use “business outcomes” to measure performance

·        61% say outsourcing helps their companies perform better

·        74% are satisfied with their outsourcing experience

Thinking of outsourcing?  Contact Hutchinson Business Solutions.

 Your CFO on the Go.  

Defining Opportunities Today,…Providing Savings for Tomorrow.

Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company. Should you want to know more contact george@hbsadvantage.com

 

 

They say, “The only thing constant is change.”  Now a day, gas prices seem to be the most visible symbol of that old adage.  It’s a constant reminder that we are paying more for the same thing.  And this is happening across the board.  Even in the supermarket, prices are going up but the package has gotten smaller.

 

 

Telecom…       We are paying less per minute, but more for services.

                        Our clients are saving from 20% to 40%.

           

Data …           Downtime is the hidden cost.

                        Ask about our Virtual CIO program.

 

 

Fleet Management … Gas is over $3.00

                                     “ Put your fleet in the palm of your hands”

  

If you’ve found yourself troubled about these same issues, feel free to contact us george@hbsadvantage.com . We review and validate your specific costs of doing business, and provide strategic solutions that will increase your cash flow and your bottom line.

 

 

Our team brings over 25 years of experience, independence, objectivity, and responsible analysis to the table.   We stand behind our work to make sure every client is satisfied. 

 

 

Contact us today and ask about our Free 50-minute consultation.

 Spread the good news….. share this information with a friend. 

Should you like to discuss opportunities available for your company to increase profits call us at 856-857-1230.

 

HBS…Your CFO on the Go.  

Defining Opportunities Today,…Providing Savings for Tomorrow.

Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.