Biggest News Story Of 2011 was the bad economy on December 6, 2011, in Kansas , President Barrack Obama gave a speech proposing higher taxes on the rich and lower taxes for middle-class people.Obama was making proposals plan's to help the economy. Which he has been working on two proposals concerning taxes and jobs. Obama wanted to limits so of the tax loopholes because the the republicans pay less taxes then other people do. The main reason was that Obama wanted to make a big cut out business. He wanted the people who unemployment to be able to provide for they family. And the plan will also cut the money employees have to put into social security. Obama thinks that if more money is put in people’s pockets it will revive our economy.