February 26th, 2009
10:25 AM ET
6 years ago

Obama submits budget blueprint

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President Obama says he can halve the deficit by 2013. (Getty Images)

(CNN) - President Obama on Thursday presented a budget that he said is an "honest accounting of where we are and where we intend to go."

Congress received a 140-page summary of the budget Thursday morning. The full details are expected in April.

In introducing the budget, Obama slammed what he called a "dishonest accounting" in regard to the costs of war, and reiterated his commitment to make government "more open and transparent."

"For too long, our budget has not told the whole truth about how precious tax dollars are spent," he said.

"Large sums have been left off the books, including the true cost of fighting in Iraq and Afghanistan. And that kind of dishonest accounting is not how you run your family budgets at home; it's not how your government should run its budgets either."

The president said his budget includes investments in renewable energy, education, and health care - priorities he outlined during his address to a joint session of Congress on Tuesday.

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Filed under: President Obama
soundoff (59 Responses)
  1. america first

    President Obama is putting MONEY AND JOBS back in AMERICA, the bush and his band of republicans put OUR money in useless wars , and sent OUR jobs to other countries, Thank God for our BRILLANT PRESIDENT.

    February 26, 2009 12:36 pm at 12:36 pm |
  2. Biased

    Would someone please tell Biden that he's not glued to Obama. I am so fed up seeing Obama and Biden standing there constantly. Does that man not have anything else to do but get his face in every picture with Obama? He is starting to look like a pathetic wannabe.

    February 26, 2009 12:46 pm at 12:46 pm |
  3. Larry Houston TX

    THANK YOU, Jackie in Dallas ! for your comment !!!

    February 26, 2009 12:52 pm at 12:52 pm |
  4. Sniffit

    @ Brian

    Do you know what an earmark is? The stimulus bill had ZERO...count 'em...ZERO...earmarks. That's for true. Turn down the Limbaugh and go find a dictionary or something.

    February 26, 2009 12:58 pm at 12:58 pm |
  5. Lee

    Do all of the media screaming the loudest about the new budget make over $250,000 a year? I am beginning to think they are causing much of the "fear" !!!!!

    My family owns a small business and I can tell you if we were making over $250,000 a year we would GLADLY pay more taxes.

    What hurts our business is unemployment that closes manufacturing businesses because of failure of banks to give lines of credit to these businesses.

    Our credit interest rates are going up, and we have a great credit score, always pay our bills on time, and work harder every month to try to stay ahead.

    It is time for the media to stop editorializing and start asking the hard questions of ALL their "experts". Follow up – for God's sake and tell us the WHOLE TRUTH! – NOT just how you FEEL!!!!!!

    February 26, 2009 01:04 pm at 1:04 pm |
  6. shoegazer

    Cue the toilet flushing sound effects in 3...2...1.......

    February 26, 2009 01:08 pm at 1:08 pm |
  7. Mike

    Sorry Jackie in Dallas....

    You are wrong and Rick is correct.....he has almost quadrupled the deficit from the previous budget.

    Please America....stop the downfall of your country

    February 26, 2009 01:09 pm at 1:09 pm |
  8. shoegazer

    Cue the toilet flushing sound effects in 3....2....1......

    February 26, 2009 01:10 pm at 1:10 pm |
  9. Mike

    ummm....no Robert...please at the minimum get your numbers straight before you go around correcting other people.....the debt was 7.1 trillion in 2000 when Bush inherited that from all the previous preseidents. As of 2/12/09 the debt was 10.1 trillion.

    February 26, 2009 01:12 pm at 1:12 pm |
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