"Kids born to middle- and lower-income families could find it harder to catch up in later life as wealthier children enjoy ever larger advantages."
There are some kids that aren't able to do things education wise because of their social class. Wealthier kids are able to do more activities and get into better colleges because they have the money. This helps with our assignment because it shows the different between each social class and their education.
"President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt."
It seems that President Obama is trying to balance out the deficit without reducing it, and the deficit and debt seem be getting higher each year. On income inequality, he's trying to raise the income for middle- and lower-class workers.