Obama budget: $3.8 trillion for 2001
Jenny Anzelmo, Editor-In-Chief
Issue date: 2/4/10 Section: Politics
In an effort to encourage small businesses to raise salaries and hire new employees Obama's version of the budget proposes $33 billion in tax cuts for small businesses.
Taking a line from Obama's "Change" rhetoric, GOP leaders are calling for Obama to change course.
"[It's] filled with more reckless spending and more unsustainable debt, the President's budget is just more of the same at a time when the American people are looking for Democrats in Washington to listen and change course," House Minority Leader John Boehner said In a statement released Monday.
House Speaker Nancy Pelosi praised the president's budget citing efforts to curb wasteful spending practices, especially with regards to Defense Department contracts.
"President Obama has approached this budget with equal commitment to economic growth and fiscal responsibility. I look forward to examining the president's proposal to freeze spending and believe waste can be found in all departments and agencies," Pelosi said Monday.
Obama said he hopes both parties can unite behind proposed spending freezes outlined in his version of the budget, citing a need to reform practices that contributed to the current deficit.
"I'm willing to reduce waste in programs I care about, and I'm asking members of Congress to do the same," Obama said. "I'm asking Republicans and Democrats alike to take a fresh look at programs they've supported in the past to see what's working and what's not, and trim back accordingly."
The White House was already facing several road blocks the day the budget was released but Obama hopes by offering an open ear both parties can agree upon a workable budget.
"I welcome any idea, from Democrats and Republicans," he said. "What I will not welcome -- what I reject -- is the same old grandstanding when the cameras are on, and the same irresponsible budget policies when the cameras are off. It's time to hold Washington to the same standards families and businesses hold themselves."
Taking a line from Obama's "Change" rhetoric, GOP leaders are calling for Obama to change course.
"[It's] filled with more reckless spending and more unsustainable debt, the President's budget is just more of the same at a time when the American people are looking for Democrats in Washington to listen and change course," House Minority Leader John Boehner said In a statement released Monday.
House Speaker Nancy Pelosi praised the president's budget citing efforts to curb wasteful spending practices, especially with regards to Defense Department contracts.
"President Obama has approached this budget with equal commitment to economic growth and fiscal responsibility. I look forward to examining the president's proposal to freeze spending and believe waste can be found in all departments and agencies," Pelosi said Monday.
Obama said he hopes both parties can unite behind proposed spending freezes outlined in his version of the budget, citing a need to reform practices that contributed to the current deficit.
"I'm willing to reduce waste in programs I care about, and I'm asking members of Congress to do the same," Obama said. "I'm asking Republicans and Democrats alike to take a fresh look at programs they've supported in the past to see what's working and what's not, and trim back accordingly."
The White House was already facing several road blocks the day the budget was released but Obama hopes by offering an open ear both parties can agree upon a workable budget.
"I welcome any idea, from Democrats and Republicans," he said. "What I will not welcome -- what I reject -- is the same old grandstanding when the cameras are on, and the same irresponsible budget policies when the cameras are off. It's time to hold Washington to the same standards families and businesses hold themselves."
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