Obama Sends $3.7 Trillion Budget to Congress

Gerald · 02-14-11, 04:55 PM

President Obama sent Congress a $3.73 trillion budget Monday, a spending plan for 2012 that projects $1.1 trillion in deficit savings over the next decade but also continues adding to the national debt for years to come.

Republicans, who are still trying to cut billions out of this year's budget, slammed the proposal after giving it a quick analysis Monday morning. The top Republicans on the House and Senate budget committees said it would push $8.7 trillion in new spending while piling another $13 trillion onto the debt over the next 10 years.

"It would be better to do nothing than to pass this budget," House Budget Committee Chairman Paul Ryan, R-Wis., said Monday.

http://www.foxnews.com/politics/2011...dget-congress/

Note: Published February 14, 2011

02-14-11, 04:55 PM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Obama Sends $3.7 Trillion Budget to Congress President Obama sent Congress a $3.73 trillion budget Monday, a spending plan for 2012 that projects $1.1 trillion in deficit savings over the next decade but also continues adding to the national debt for years to come. Republicans, who are still trying to cut billions out of this year's budget, slammed the proposal after giving it a quick analysis Monday morning. The top Republicans on the House and Senate budget committees said it would push $8.7 trillion in new spending while piling another $13 trillion onto the debt over the next 10 years. "It would be better to do nothing than to pass this budget," House Budget Committee Chairman Paul Ryan, R-Wis., said Monday. http://www.foxnews.com/politics/2011...dget-congress/ Note: Published February 14, 2011 __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie