Obama to Send Congress Multitrillion-Dollar Budget Likely to Show Cutbacks

[ProSense]

Source: Bloomberg

President Barack Obama will send a multitrillion budget to Congress on Feb. 14, administration spokesman Kenneth Baer said, setting up a conflict over spending that may dominate a divided Congress for the rest of the year.

The budget for fiscal 2012 is a political document that will put into precise language the administration’s priorities for increasing economic growth and creating jobs. Republicans who campaigned on promises to slash spending took control of the U.S. House of Representatives and reduced the Democrats’ majority in the Senate.

<...>

Obama says he’s ready to trim or eliminate programs, specifically mentioning community action grants to local governments, to allow spending increases for his priorities.

“We want to cut with a scalpel as opposed to a chain saw,” Obama said in an interview broadcast online by Google Inc.’s YouTube on Jan. 27. “Frankly, we’re just going to have to trim some of these programs.”



Read more: http://www.bloomberg.com/news/2011-01-29/obama-to-send-multitrillion-dollar-budget-to-congress-on-valentine-s-day.html

[tabatha]

1. I hope the Tester abomination is out of the budget.

[freshwest]

2. If you're talking about the mandatory cutting of the national forests...

I don't see how a budget cut would end those, unless you mean it won't be done by government employees. I don't even know if they planned on using federal workers.

Unless you want to call non-union contractors federal workers, who would be giving the timber to the lumber companies.They'll just let the timber barons march right in and clear-cut like they would as if they owned the land.

It's not as if many corporations haven't been getting to use the national parks for years for minerals, grazing, etc. That won't cost the government a dime in outlays, but it won't generate any revenue for the government either.

Or maybe Tester's mandate would pay the government a tenth of a cent per board foot harvested. That would make it all just peachy!


:sarcasm:

[tabatha]

3. Well, we'll wait and see.

Some of our work this year will be funded by a tiny tiny miniscule portion of the budget. Obviously keen to see it pass.

[No Elephants]

4. Plutonomy strikes again.

"The nonpartisan Congressional Budget Office said Jan. 26 that U.S. budget deficit will widen this year to a record $1.5 trillion, partly because of the $858 billion tax-cut measure passed last month by Congress.

<snip>

Republicans, and some Democrats, say the freeze doesn’t go far enough and are demanding big spending cuts as part of any deal to raise the nation’s $14.3 trillion debt ceiling, which may be reached as early as March.

“We’re going to have to deal with the entitlements of Social Security, Medicare; we’re going to have to deal with the tax expenditures,” Senator Kent Conrad, the Democratic chairman of the Budget Committee, said on CNBC on Jan. 26.