Obama budget: Questions and answers about President Obama's budget - baltimoresun.com The President's Budget for Fiscal Year 2012 | The White House (has a good visual of the budget) So, Obama has unveiled his budget plans for 2012. It is kind of funny as there is still nothing solid for 2011 but it is there anyway. What say you to his new plan? Personally I find that maintaining a deficit of over 1 trillion dollars is nuts and would like to see some actual headway here. Not only that but much of the reduction is in a tax increase, not in controlling spending. I keep hearing about the debt but the debt is not the real problem. It is not the fact that we are in a 15 trillion dollar debt that is such a concern but the fact that, while we have such a massive debt, we are still increasing it over a trillion dollars a year and this is AFTER the stimulus. Pre massive spending we had deficit records braking at 600 billion and now the president is putting forth a budget that is over 1 trillion in deficit. Even if the entire cost of the wars were removed the deficit would still be over 700 billion. All around, he is talking about spending cuts and asking for spending increases. Sure, it looks like the record deficit this year that should be around 1.6 trillion will not be met but not making the record for the highest deficit of all time AGAIN is hardly a triumph.