NEW YORK (CNNMoney) - President Obama on Monday will propose a 2012 federal budget that the White House says will cut deficits by $1.1 trillion over 10 years.
The president's request calls for a mix of strategic spending to boost U.S. competitiveness and selective belt-tightening intended as a "down payment" on serious deficit reduction, according to his budget director Jacob Lew, who spoke on CNN's "State of the Union."
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Wow! It looks like President Obama is the true conservative.
"Nevertheless, this piece of the president's budget is certain to generate some of the biggest outcry since it includes cuts to programs that Democrats fiercely defend, such as heating assistance to low-income people."
Cuts which are in line with 2008 funding, yes, CNN? Obama is bringing this amount back to what it was prior to the Stimulus Package which allocated the additional funding. How can anyone have serious conversations about potential budget cuts when the media refuses to address the truth behind either the Republican or Democratic proposed budget cuts, but instead, seek only to divide the country further?
In the meantimes, Republicans forced Obama to agree to an extension of the Bush tax cuts, which will cost the Treasury more than 500 billion, and struggled to come up with 100 billion in spending cuts. They want to repeal the health care bill, but they don't tell their followers that the revenues that Democrats propose to raise to pay for the bill (increased taxes on families making over 250,000, cutting or reducing growth in Medicare spending) will disappear if there is a repeal. Republicans complained abou
This President is working hard for the American people and we will be better off because of it. The Republicans need to work to help America instead of having tunnel vision. The care only about the Power, They don't care who it hurts.
So he can talk about literally leaving the poor out in the cold while not saying a damn word about the $60 billion tax break he gave the unions in ObamaCare? The moral of the story is that governing without a firm set of values is awkward at best. 2012 can not get here soon enough.
No cuts on seniors program because they build nation strong time for us to take care of seniors
No cuts on Kids and students program because they are the future generation of this nation
Republicans had their chance to come up with $100 Billion in cuts ... and they fell way short of that amount. I look forward to seeing President Obama's 2012 budget tomorrow.
President Obama is the best thing to happen for our country and our world. He has steered us away from the cliff we were heading towards financially. He has regained our respect and support around the world. He has accomplished more positive things for average Americans in just two years than most presidents do in two terms. Though I do not agree with everything he has done (continuing the failed Bush policies in Afghanistan, for one thing), President Obama was, and is, the right person to lead our nation in these difficult times. God bless him, his family, and the United States of America!
Obama has to start somewhere. As a society, we have a hard time giving up our perks. Everyone is going to have to give up something in order for us to go forward.
That is such BS. No President should be talking about actions that take 10 yrs. to accomplish. The only have 4 yr. term.
Anyone buying into that, is a fool!
Rick McDaniel
That is such BS. No President should be talking about actions that take 10 yrs. to accomplish. The only have 4 yr. term.
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So true. Obama plays it both ways, though. He spends in 4 and pays for it in 10.
Oops, GOPers. Looks like GWBs unlimited, unpaid for funding of: Homeland Security, Afghan War, Iraq War, Zero Down Payment for Low Income Housing, Seniors Drug Subsidy Program (funding which went to media airwaves on drug related commercials - Cialis comes to mind), No Child Left Behind (the list goes on and on,) I.O.Us have come due. At the expense of the working class. Yep, gotta love the GOPers. Big talk . . . no solutions. BTW, Four and the Door, WE ARE ALL suffering, so stop with the class warfare, something you yourself ranted against prior to passing the tax cuts for the wealthy. Trillions of dollars were spent during the Bush years. We were all left out in the cold then, with never a word of caution or restraint coming from the very persons who now are feigning surprise at the cost of those very programs THEY supported.