WASHINGTON – Portraying his fiscal choices as kitchen table budgeting, President Barack Obama says he is making difficult cuts to allow needed spending increases in education, technology and basic infrastructure like roads and bridges. In a broad preview of his administration's budget for fiscal 2012, Obama says the combination of cuts and new spending will result in an overall freeze in annual domestic spending for the next five years.
"This budget asks Washington to live within its means, while at the same time investing in our future," the president said Saturday in his weekly radio and Internet address. The White House plans to release his budget on Monday. With public opinion turning against increased spending, Obama is making a concerted sales pitch to cast his initiatives as fiscally prudent. But the dual goal of taming deficits while adding dollars to selected projects comes as the government faces a projected $1.5 trillion deficit this budget year, which ends in September. Republicans are demanding greater deficit reduction efforts and members of the House GOP say they want to cut the current 2011 budget year by $61 billion.
"This budget asks Washington to live within its means, while at the same time investing in our future," the president said Saturday in his weekly radio and Internet address. The White House plans to release his budget on Monday. With public opinion turning against increased spending, Obama is making a concerted sales pitch to cast his initiatives as fiscally prudent. But the dual goal of taming deficits while adding dollars to selected projects comes as the government faces a projected $1.5 trillion deficit this budget year, which ends in September. Republicans are demanding greater deficit reduction efforts and members of the House GOP say they want to cut the current 2011 budget year by $61 billion.
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