Highlights of Obama's 2012 spending plan
February 14th, 2011
04:29 PM ET
3 years ago

Highlights of Obama's 2012 spending plan

(CNN) - President Obama's spending plan is just the first step in a process that will involve no less than 40 congressional committees, 24 subcommittees, countless hearings and a number of floor votes in the House and Senate, with the aim of getting funding in place for the federal government by the beginning of the 2012 fiscal year October 1.

Congress never passed a budget for the current fiscal year, and the government has been running on a "continuing resolution," which expires March 4. House Republicans have thrown down the gauntlet over cuts to current programs and threaten to shut down the government if they don't get their way.

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Filed under: Budget • President Obama
soundoff (10 Responses)
  1. Sniffit

    SOooo, which editor and/or ad executive in CNN's upper management told them all to refer to the budget proposal as a "spending" plan? It's funny, because it's as truthful as Faux purposefully calling a health care public option the "government option" because it was tested by focus groups and got a far more negative response than the widely acknowledged correct terminology of "public option"...so, you know, the editors sent emails to Faux employees telling them only to use the terms "government option" beacuse they wanted the visceral negative reaction. Now we have this "spending" plan nonsense...which is cropping up repeatedly on CNN: sure, budgets are "spending plans"...they are also "savings plans"...and both of those terms fit Obama's budget proposal. On emight even argue that "SAVINGS plan" fits better and is far more accurate and honest since his proposal will decrease the deficit $1.1T over 10 years compared to the GOP's $100B per year promise, which only adds up to $1.0T over 10 years. YET WHICH ONE DOES CNN CHOOSE TO PLAY UP? That's right...the one that will cause more controversy and throw oil on the fire.

    February 14, 2011 04:38 pm at 4:38 pm |
  2. ReFascistican

    Weeper Boehner may say that he doesn't want to shutdown the government, but his TeaTard constituency has other plans in mind. How's this governing thing working out for ya Johnny boy?

    February 14, 2011 04:48 pm at 4:48 pm |
  3. B

    If the Republicans don’t destroy this country with this next round, it will be a miracle

    February 14, 2011 04:50 pm at 4:50 pm |
  4. Me

    For God's sake CNN, IT'S A BUDGET!!!! NOT A SPENDING PLAN!!
    Look, I know like a spoiled child you are desperatly trying to get EVERYBODY'S ATTENTION
    I KNOW you guys are tanking in the rating
    I Know you guys are so far up Sara Palin's snizz you can tell what kind of douche she uses
    I know you're just trying to stir up controversy, but COME ON!

    this article is just red meat for your conservative posters and they will on this like stink on poo.

    There is no bastion for intelligence in the media anymore. You make me jaded towards news cnn.

    February 14, 2011 05:00 pm at 5:00 pm |
  5. Mikey

    To those complaining about the tax increases: Who would you put most of the tax increases on?? the poor?? the middle class?? The proposal is to move taxes on the wealthy closer to where they were under Reagan. Would you like to go back to the tax rates in the 50's?

    The top 1% have captured ALL of the income increases over the past 2 or three decades. The rest of the population has been treading water at best. Asking those who have captured all the income increases, those who gain the most from our system, to chip in more when it is needed is not unfair.

    As to estate taxes – are you aware that two decades ago, the majority of the top 100 wealthiest people in the U.S. signed a letter supporting the estate tax? Most of the people yelling about it are, like Joe the Plumber, never going to be impacted by the estate tax – not even close.

    Oh, and the top marginal tax rate in the 50's, under Eisenhower, 92%.... and that's not a typo – ninety-two percent!

    February 14, 2011 05:23 pm at 5:23 pm |
  6. DAVE

    what american people and the news media can't seem to get thru their heads is that the budget is out of control because of republican spending habits in their last three presidents. the problem is not social sucerity or medicare right now because these programs as of right now are in the black not the red in spending because of the amount of tax revenue they raise. social sucerity is not broke as of now but will be in the future. just imagin if we did not have the cost of the 2 wars with nation building in the budget right now because its almost $4trillion dollars which would have a big impact on our current budget. using the cost of social sucerity as the cause of the current budget problem is at best a big lie told by the republicans to cover up what they did to this country!

    February 14, 2011 05:32 pm at 5:32 pm |
  7. Brig

    Obama is the master of the bait and switch. Nothing in regard to reigning in spending has come to fruition yet. He would not even bring it up if it was not necessary for most Americans to think him worthy of a vote in 2012. Obama must act like somebody he is not in order to get elected is what makes this sham is sadder. He did in 2008 and he will again in 2012.

    February 14, 2011 06:00 pm at 6:00 pm |
  8. diridi

    cut defense, and raise taxes on rich....o.k...not on education...it is in bad shape...

    February 14, 2011 06:09 pm at 6:09 pm |
  9. babatope eyi

    when journalism loses its impartiality it becomes propangada.using the word spending plan instead of budget it appears as if bohener wrote this piece himself.is CNN in a race to outdo FOX news.

    February 14, 2011 06:47 pm at 6:47 pm |
  10. Albo58

    Was looking at the President's itemized list of spending and the 3 things that are grossly glaring are: increase spending in "alternate" energy, Department of Education, and Hillary's State Department. Off the top of my head, I can't think of another 3 areas where we desperately need to cut most! All 3 have stunning records of failure and we just can't afford them!

    February 14, 2011 06:48 pm at 6:48 pm |