Obama's 2011 Budget: Tax Cuts and Job-creating Measures 
President Obama revealed his 2011 $3.8 trillion dollar budget today, and the President is attempting to invest money in the nation's fragile economy while at the same time trying to reduce the national deficit.
"We simply cannot continue to spend as if deficits don't have consequences, as if waste doesn't matter," Obama said at a White House presentation. "It's time to save what we can, spend what we must and live within our means once again.
Obama's 2011 Budget
The 2011 budget proposes $53 billion dollars in tax cuts while putting $50 billion dollars towards job-creating measures. Obama's budget also proposes tax breaks for small businesses, in an attempt to stimulate job growth.
Not everyone approved of Obama's budget. Ranking Republican on the Senate Budget Committee Sen. Jud Gregg says Obama's plan is simply too costly.
"We've got some pretty big problems here. We need some pretty big solutions," Gregg told Fox News. "This is fiscal insanity -- to continue to grow the government the way we're growing it, to continue to spend the way we're spending. ... We're going to pass onto our kids a country that basically is insolvent."
While Obama has unveiled his 2011 budget, it will be months yet until it a final budget is approved by Congress.
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at 18:26 on February 1st, 2010
Talk about voodoo economics! Obama is making FDR look like a fiscal conservative!
When ideologues and social engineers put their collective heads together and shout "my will be done" it invariably turns out to be an economic disaster. The current recession/depression has no end in sight given the Obama Administration's economic policies.
Indeed, there is no economic precedent throughout America's history for the economic policies of the Obama Administration. It's getting to the point of the surreal here in America and it's due mainly to the fact that one political party is calling all the shots.
at 04:10 on February 2nd, 2010
For a balanced look at what's going on, I'd suggest looking here:President Obama Largely Inherited Today’s Huge Deficits — Center on Budget and Policy Priorities I love it when Republicans get all fiscally responsible once they've lost power and can't spend like drunken sailors without paying the bill. If anyone can post the chart showing the percentage of the Bush tax cuts (not paid for) as a total percentage of the projected deficit, I'd appreciate it. Update: I've been able to add the chart to the story. Hope you don't mind.
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steve1 (not verified)at 13:13 on April 3rd, 2010
You can save money by cutting down on welfare and food stamp fraud. Section 8 housing which places ghetto types in suburbs where they pay little or nothing to live and is bizarre can be cut too to save money. The ghetto types then ruin the neighborhoods or apartments they live in, ruin schools, and the environment. The abuse of medicare and medicaid is there. Cutting down on fraud alone would save billions.