OBAMA’S NEW BUDGET HAS BEEN RELEASED!

HAS HE CUT ENOUGH OF THE FAT?

In twin strokes, President Barack Obama is calling on Congress to award generous budget increases to domestic programs while proposing relatively modest cuts to wasteful or
obsolete programs that just won’t seem to die. Obama’s promised line-by-line scrub of the federal budget has produced a roster of 121 budget cuts totaling $17 billion — or about one-half of 1 percent of the $3.4 trillion budget Congress has approved for next year. The details were unveiled Thursday. White House budget director Peter Orszag said the president’s plan for program cuts is just a start and that a lot more needs to be done to dig the government out of its fiscal hole, especially curbing the growth of the Medicare and Medicaid health care programs for the elderly and the poor. “But $17 billion a year is not chump change by anyone’s accounting,” he said.