Though the Pentagon and a number of Cabinet agencies would get squeezed, Obama would leave the spiraling growth of health care programs for the elderly and the poor largely unchecked. The plan claims $4 trillion in deficit savings over the coming decade, but most of it would be through tax increases Republicans oppose, lower war costs already in motion and budget cuts enacted last year in a debt pact with GOP lawmakers.

Many of the ideas in the White House plan for the 2013 budget year will be thrashed out during this year's election campaigns as the Republicans try to oust Obama from the White House and add Senate control to their command of the House.

"We can't just cut our way into growth," Obama said at a campaign-style rally at a community college in the vote-rich Northern Virginia suburbs. "We can cut back on the things that we don't need, but we also have to make sure that everyone is paying their fair share for the things that we do need."

Republicans were unimpressed. While the measure contains some savings to Medicare and Medicaid, generally by reducing payments to health providers, both programs would double in size over the coming decade.

"It seems like the president has decided again to campaign instead of govern and that he's just going to duck this country's fiscal problems," said House Budget Committee Chairman Paul Ryan, R-Wis.

By the administration's reckoning, the deficit would drop to $901 billion next year — still requiring the government to borrow 24 cents of every dollar it spends — and would settle in the $600 billion-plus range by 2015.The deficit for the current budget year, which ends Sept. 30, would hit $1.3 trillion, a near record and the fourth straight year of trillion-plus red ink.

Obama's budget blueprint reprises a long roster of prior proposals: raising taxes on couples making more than $250,000 a year; eliminating numerous tax breaks for oil and gas companies, and approving a series of smaller tax and fee proposals. Similar proposals failed even when the Democrats controlled Congress.
More here
The Pentagon would cut purchases of Navy ships and F-35 Joint Strike Fighters — and trim 100,000 troops from its rolls over coming years — while NASA would scrap two missions to Mars.

Comments

anonymous green 3 years 46 weeks ago
#1

Obama, unbeknownst to most, was actually the power behind the Bush/Cheney regime.

really, you HAVE to believe me.

I'm only trying to help.

It was Obama, all the time, ever since he was born, he's been the anti-christ.

Someone has to listen.

I'm a question whore, and I'm pleading with you to answer.

Look at me, look at me.

Laborisgood's picture
Laborisgood 3 years 46 weeks ago
#2

AG:

Again, with the misleading disinformation. How can anyone discern between fact and fiction anymore?

anonymous green 3 years 46 weeks ago
#3

Trust me, I have data that backs up anything, and adds up to everything, including who Oswald really killed.

https://I-know-everything.con

.con

.con

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