>WASHINGTON – In his weekly address, President Obama called for Democrats and Republicans to come together on a budget that cuts wasteful spending without sacrificing job-creating investments in education, innovation, and infrastructure. Noting that his administration has already proposed specific cuts that meet congressional Republicans halfway, he said that he is prepared to do more and that the job can only be finished by working out the differences and finding common ground.
Category Archives: federal budget
>President Obama’s Weekly Address 2/12/11: "It’s Time Washington Acted as Responsibly as Our Families Do"
>WASHINGTON – President Obama used his weekly address to preview his budget saying that it will help the government live within its means, while still investing in the future. In addition to stripping out waste, his budget includes a freeze on annual domestic spending over the next five years—even for programs he cares deeply about—which will reduce the deficit by more than $400 billion over the next decade. And, it will make investments in the future, by supporting what will do the most to grow the economy in the years to come. This means investing in things like infrastructure, research, and education.
The President reflects on lessons from his time spent outside Washington this week, which only reinforced the four core principles in his budget.