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Watch: President Obama previews his budget
President Obama gives us a preview of his budget during this week’s address.
Sat, Feb 12, 2011 at 02:05 PM
President Obama is expected to unveil his 2012 budget on Monday but he gave America a preview during his weekly address. The address, which was just published on the White House website this morning,
touches on a proposed budget freeze:
“My budget freezes annual domestic spending for the next five years – even on programs I care deeply about – which will reduce the deficit by more than $400 billion over the next decade. This freeze will bring this type of spending to its lowest level as a share of the economy since Dwight Eisenhower was president. We’ve stripped down the budget by getting rid of waste. For example, we’re getting rid of thousands of government-owned buildings that sit empty because they aren’t needed.” Source: The White House
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