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Obama lays out his 2012 budget intentions
By Jeff Mason |
February 14, 2011, Monday
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Print Edition
Print Edition
AMERICAN President Barack Obama made a sales pitch on Saturday for his forthcoming fiscal year 2012 budget, saying it would help the United States "live within our means while investing in our future."
The budget, due to be unveiled today, contains a mix of cost cuts and targeted spending to achieve Obama's goals of reducing the deficit and boosting competitiveness.
But Republicans, who control the House of Representatives, have balked at any spending increases and accused the Democratic president of not being serious about reining in the deficit, which is forecast to reach US$1.48 trillion this fiscal year. The 2012 fiscal year begins on October 1.
In his weekly radio and Internet address, Obama highlighted his plan to freeze non-security discretionary spending for five years, which the White House says will reduce the deficit by US$400 billion over the next 10 years.
"We've stripped down the budget by getting rid of waste," he said in the address, adding that the government would get rid of thousands of empty buildings and freeze salaries on "hard-working government employees" as part of the push.
Obama said the budget proposes to invest in roads, high-speed trains, broadband Internet, clean energy and education. After a decade of rising deficits, Obama said, "I'm proposing a new budget that will help us live within our means while investing in our future," he said.
Republicans, who have a sales pitch of their own to make, said Obama's budget was not taking the deficit problem seriously enough.
The budget, due to be unveiled today, contains a mix of cost cuts and targeted spending to achieve Obama's goals of reducing the deficit and boosting competitiveness.
But Republicans, who control the House of Representatives, have balked at any spending increases and accused the Democratic president of not being serious about reining in the deficit, which is forecast to reach US$1.48 trillion this fiscal year. The 2012 fiscal year begins on October 1.
In his weekly radio and Internet address, Obama highlighted his plan to freeze non-security discretionary spending for five years, which the White House says will reduce the deficit by US$400 billion over the next 10 years.
"We've stripped down the budget by getting rid of waste," he said in the address, adding that the government would get rid of thousands of empty buildings and freeze salaries on "hard-working government employees" as part of the push.
Obama said the budget proposes to invest in roads, high-speed trains, broadband Internet, clean energy and education. After a decade of rising deficits, Obama said, "I'm proposing a new budget that will help us live within our means while investing in our future," he said.
Republicans, who have a sales pitch of their own to make, said Obama's budget was not taking the deficit problem seriously enough.
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