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

Obama submits budget blueprint

ALT TEXT

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.

Full story


Filed under: President Obama
soundoff (59 Responses)
  1. Dutch/Hampton Roads, VA

    Yes, I do want to know how much we are spending in Iraq. Why did the GOP not do this when they were in power? No more no-bid contracts. If these right wing fanatics want transparency, they just need to go to recovery.org

    February 26, 2009 10:48 am at 10:48 am |
  2. Dem in FL

    That's all they know how to do is critcize. I don't see them coming out w/ any plans or proposals to fix the mess we're in. Remember the Federalist Party? Remember when they were declared "nay sayers" and b/c of that, they're party literally became extinct! Nay sayers...Hmmm...sound familiar??!! The GOP is crucifying its own self. They will become extinct just like the Federalists did....the negative, pessimistic, nay saying Federalists! Bye bye GOP-ers

    February 26, 2009 10:48 am at 10:48 am |
  3. Independent_me

    The Repugs will have a fit because all of the loopholes that their special interest buddies have access to will now be closed.

    FINALLY a President who cares more about America than he does about the wealthiest among us! President Obama doesn't owe the lobbyists a dime, so they cannot come collecting!

    Whoohoo!!!!

    February 26, 2009 10:50 am at 10:50 am |
  4. Charles Atlanta

    "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." That's the change we're looking for.

    February 26, 2009 10:55 am at 10:55 am |
  5. Little too late????

    140-page summary for the mega-budget?? Wonder where the summary for the 'stimulus' was vs. 'here is 1100 pages, you got 16 hours, get to reading' principle?? Hmmm...maybe it was the law that required the crawl/walk/run approach for the budget. This just proves the RATS use and DON'T use the law to their advantage when A...they have to...and B...when it benefits them.

    Wonder what would happen if...IF the RATS had the opportunity to race the budget through, would they and what would happen???

    February 26, 2009 11:00 am at 11:00 am |
  6. Rick

    Obama has no clue. He has already TRIPLED the debt that he inherited IN ONE MONTH.

    February 26, 2009 11:07 am at 11:07 am |
  7. Ron concord ca.

    Just a few words on the what should be diclosed in the budget,
    Everything but details about military spending, and funding concerning national security and international concerns,

    Any other funding for the budget should be transparent, their are some things that we as citizens don"t need to know and also the world and that encludes even Cnn!
    have a great news day

    February 26, 2009 11:09 am at 11:09 am |
  8. Mickie

    Bring it on! Dishonest accounting (you mean the republicans were not totally transparent in the past 8 years) - hard to believe - but if I went hunting with Cheney, I'd believe anything he told me too! I'm too old and too cynical after all the political bull that has been slung around for so many years. The proof is in the pudding – bring it on!

    February 26, 2009 11:10 am at 11:10 am |
  9. Had It

    Stop the senseless wars.

    February 26, 2009 11:11 am at 11:11 am |
  10. Mark

    "we got your money" " where going to keep printing money" oh ya

    February 26, 2009 11:12 am at 11:12 am |
  11. Virginia

    taxandspendtaxandspendtaxandspend ad nauseum

    February 26, 2009 11:16 am at 11:16 am |
  12. FROM SURPLUS TO DEFICIT

    @Rick, have you asked yourself why? It appears that you have a better solution, why don't you share it with us. It appears that the Repubs who don't want their wealthy to have to pay more in taxes, that is the truth. The Bush administration gave them so many tax breaks they continued to prosper, well the buck stops here. To small businesses I ask you how many of their balance sheet nets them more than $250k where they should be concerned about paying more taxes. I work for a small business owner, his net it less than the $250k. If you and all your fellow Repubs can't see that education, health care and infrastructure needs reform then crawl back under your fat porfolio and go back to sleep while others just want to get up go to work put food on the table and have a roof over their head.

    February 26, 2009 11:16 am at 11:16 am |
  13. I voted for change!!!!!

    News Flash!!!!! The President was given a huge debt before he arrived at the WH. Funny how folks want to have selective memory!!!!!!!

    February 26, 2009 11:19 am at 11:19 am |
  14. demwit

    Spend, spend spendilous!!

    I love Obama, he can do no wrong..

    February 26, 2009 11:20 am at 11:20 am |
  15. Jackie in Dallas

    No, Rick, he hasn't. That debt is out there due to the unwise policies of the previous administration, and President Obama is having to spend money to clean up the mess. We are finding out almost daily that 2/3rds or better of the cost of the Iraqi war has not been included in budgets, or even in the deficit estimates.

    February 26, 2009 11:21 am at 11:21 am |
  16. I voted for change!!!!!

    Let me guess, you wanted him to do nothing!!!!! Oh, so you're saying lets just keep things the way it's been for the last eight years!!!! I don't think so!!!! I voted in November for change, and it is now here. People, those tax cuts to the wealthier Americans and the trickle down effect has yet to work!!!!

    February 26, 2009 11:24 am at 11:24 am |
  17. CNN moderation purgatory...

    Typical Democrat.
    Spend spend spend.
    And when did he become and accountant?

    February 26, 2009 11:24 am at 11:24 am |
  18. demwit

    What do you expect from a man that didn't even do his own family budget??

    February 26, 2009 11:24 am at 11:24 am |
  19. Brian

    If his Porkulous package is in using his words, "fiscally responsible", "more open and transparent", "honest accounting", and does not contain "dishonest accounting" not to mention that the other night he vowed to end earmarks (which the porkulous plan is full of) is any indication of what his budget will look like we are in deep trouble.

    February 26, 2009 11:26 am at 11:26 am |
  20. :/

    I think the debt did that on its own. Most of Obama's actions won't be effective until months or years from now.

    February 26, 2009 11:26 am at 11:26 am |
  21. still hoping

    We have reached the last stage. Thank you dimocrats!!

    "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship.
    The average age of the world's great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependency, from dependency back to bondage."
    – Alexander Tyler (emphasis added)

    February 26, 2009 11:29 am at 11:29 am |
  22. empty bag of tricks

    @demwit.Ever think of leaving your moms cellar and getting a job?

    February 26, 2009 11:30 am at 11:30 am |
  23. go get 'em Obama

    you've got a lot of mess to clean up after Bush destroyed this nation

    February 26, 2009 11:35 am at 11:35 am |
  24. Anonymous

    Investigate and punish all illegal internet activity. There is crime in this and the government must act to clean this mess up. What is going to be done with all the scams going on in the internet business and offensive websites?

    February 26, 2009 11:36 am at 11:36 am |
  25. jon

    Spending 60% more than you take in…Warning: Our elected "leaders" are trained professionals. Do not attempt this with your home budget. Hooray for Change We Can't Afford

    February 26, 2009 11:38 am at 11:38 am |
1 2 3