DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - White House Unveils Budget Proposal; Spending Cuts Would Cut $1.1 Trillion

**Brewpralgar** · 02-14-2011, 07:41 PM

TPM: http://tpmdc.talkingpointsmemo.com/2...al.php?ref=fpa

Here's the White House budget. As noted previously, it's weighted pretty heavily toward spending cuts. If fully enacted (which it won't be) it would reduce the deficit by $1.1 trillion relative to current law over the next 10 years.

The key thing to keep in mind about this budget is that the White House wants to make good on its pledge to pursue investments in education and infrastructure (the key ingredients in "winning the future") while also abiding by a self-imposed domestic discretionary spending freeze. That means they've had to shift money around from other priorities, which explains why, as leaked last week, they've proposed slashing heating and energy assistance to poor families, and why other existing progressive programs will be hit.

Republicans have already attacked the plan for not cutting enough and not addressing entitlement reform. After turning the deficit into a major issue, and proposing some domestic spending cuts of their own, the GOP has passed the buck to Obama to lead the discussion on Social Security, Medicare, etc. Top budget committee Republicans have scheduled a press conference for Monday afternoon to hammer away at these themes.

02-14-2011, 07:41 PM	#1
Brewpralgar Join Date Oct 2005 Posts 478 Senior Member	White House Unveils Budget Proposal; Spending Cuts Would Cut $1.1 Trillion TPM: http://tpmdc.talkingpointsmemo.com/2...al.php?ref=fpa Here's the White House budget. As noted previously, it's weighted pretty heavily toward spending cuts. If fully enacted (which it won't be) it would reduce the deficit by $1.1 trillion relative to current law over the next 10 years. The key thing to keep in mind about this budget is that the White House wants to make good on its pledge to pursue investments in education and infrastructure (the key ingredients in "winning the future") while also abiding by a self-imposed domestic discretionary spending freeze. That means they've had to shift money around from other priorities, which explains why, as leaked last week, they've proposed slashing heating and energy assistance to poor families, and why other existing progressive programs will be hit. Republicans have already attacked the plan for not cutting enough and not addressing entitlement reform. After turning the deficit into a major issue, and proposing some domestic spending cuts of their own, the GOP has passed the buck to Obama to lead the discussion on Social Security, Medicare, etc. Top budget committee Republicans have scheduled a press conference for Monday afternoon to hammer away at these themes.
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