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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."
Full details on the budget will be released on Monday morning.
So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
But one chunk -- $400 billion in savings -- would result from the president's call for a five-year freeze on non-security discretionary spending.
Obama budget to cut $1.1 trillion in deficits - Feb. 13, 2011
*****************************************************************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."
Full details on the budget will be released on Monday morning.
So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
But one chunk -- $400 billion in savings -- would result from the president's call for a five-year freeze on non-security discretionary spending.
Obama budget to cut $1.1 trillion in deficits - Feb. 13, 2011
When I first saw the headline I was almost like a kid on Christmas morning because I thought this $1.1 trillion cut from the deficit was going to be for this next fiscal year, but it's not. It's over a ten year period.
Nope, not even close to being acceptable. This goes no where near far enough.
Republican presidents outspend Dems 3:1
• November 30, 2007 •
“If you look at the 59-year record of debt since the end of WWII, starting with Truman’s term, the difference between the two parties’ contributions to our national debt level change considerably. Since 1946, Democratic presidents increased the national debt an average of only 3.2% per year. The Republican presidents stay at an average increase of 9.7% per year. Republican Presidents out borrowed and spent Democratic presidents by a three to one ratio. Putting that in very real terms; for every dollar a Democratic president has raised the national debt in the past 59 years Republican presidents have raised the debt by $2.99.
..... The fact is that Reagan was able to push his tax cuts through both Houses of Congress, but he never pushed through any reduced spending programs. His weak leadership in this area makes him directly responsible for the unprecedented rise in borrowing during his time in office, an average of 13.8% per year. The increase in total debt during Reagan’s two terms was larger than all the debt accumulated by all the presidents before him combined.”
]
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."
Full details on the budget will be released on Monday morning.
So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
But one chunk -- $400 billion in savings -- would result from the president's call for a five-year freeze on non-security discretionary spending.
Obama budget to cut $1.1 trillion in deficits - Feb. 13, 2011
When I first saw the headline I was almost like a kid on Christmas morning because I thought this $1.1 trillion cut from the deficit was going to be for this next fiscal year, but it's not. It's over a ten year period.
Nope, not even close to being acceptable. This goes no where near far enough.
I love it when our conservative "friends," like "Dont Taz Me Bro," presume to lecture Democrats about fiscal responsibility.
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."
Full details on the budget will be released on Monday morning.
So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
But one chunk -- $400 billion in savings -- would result from the president's call for a five-year freeze on non-security discretionary spending.
Obama budget to cut $1.1 trillion in deficits - Feb. 13, 2011
When I first saw the headline I was almost like a kid on Christmas morning because I thought this $1.1 trillion cut from the deficit was going to be for this next fiscal year, but it's not. It's over a ten year period.
Nope, not even close to being acceptable. This goes no where near far enough.
"Urgency" and "Emergency" are not in his vocabulary, obviously. Just when , oh when, will this president GET IT????
Its Mister "Blustering Horse's Ass" when you address me!I love it when our conservative "friends," like "Dont Taz Me Bro," presume to lecture Democrats about fiscal responsibility.
I love it when a blustering horse's ass like yourself arrogantly presumes to know someone's political leanings or their knowledge of the facts.
Spend with a bucket, save with a thimble...All Politics aside, when we see this Debt Clock Reverse Course, We All have accomplished something, until then, it is all smoke and mirrors. Scam after scam.
U.S. National Debt Clock : Real Time
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."
Full details on the budget will be released on Monday morning.
So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
But one chunk -- $400 billion in savings -- would result from the president's call for a five-year freeze on non-security discretionary spending.
Obama budget to cut $1.1 trillion in deficits - Feb. 13, 2011
When I first saw the headline I was almost like a kid on Christmas morning because I thought this $1.1 trillion cut from the deficit was going to be for this next fiscal year, but it's not. It's over a ten year period.
Nope, not even close to being acceptable. This goes no where near far enough.
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."
Full details on the budget will be released on Monday morning.
So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
But one chunk -- $400 billion in savings -- would result from the president's call for a five-year freeze on non-security discretionary spending.
Obama budget to cut $1.1 trillion in deficits - Feb. 13, 2011
When I first saw the headline I was almost like a kid on Christmas morning because I thought this $1.1 trillion cut from the deficit was going to be for this next fiscal year, but it's not. It's over a ten year period.
Nope, not even close to being acceptable. This goes no where near far enough.
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."
Full details on the budget will be released on Monday morning.
So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
But one chunk -- $400 billion in savings -- would result from the president's call for a five-year freeze on non-security discretionary spending.
Obama budget to cut $1.1 trillion in deficits - Feb. 13, 2011
When I first saw the headline I was almost like a kid on Christmas morning because I thought this $1.1 trillion cut from the deficit was going to be for this next fiscal year, but it's not. It's over a ten year period.
Nope, not even close to being acceptable. This goes no where near far enough.
The interest payment alone last year was over 400 billion......
Thanks Obama !......
My prediction....2012
Obama wins but not by a whole lot....Obama raises taxes...It will come down to cuts in spending and everyone has to pay more in taxes...We are so F_ _ ked thanks to these A holes.
Thanks Obama......
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."
Full details on the budget will be released on Monday morning.
So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
But one chunk -- $400 billion in savings -- would result from the president's call for a five-year freeze on non-security discretionary spending.
Obama budget to cut $1.1 trillion in deficits - Feb. 13, 2011
When I first saw the headline I was almost like a kid on Christmas morning because I thought this $1.1 trillion cut from the deficit was going to be for this next fiscal year, but it's not. It's over a ten year period.
Nope, not even close to being acceptable. This goes no where near far enough.
My prediction....2012
Obama wins but not by a whole lot....Obama raises taxes...It will come down to cuts in spending and everyone has to pay more in taxes...We are so F_ _ ked thanks to these A holes.
Thanks Obama......
As long as Congress can make some real cuts I am quite fine with that scenario.
