{"id":171,"date":"2011-02-16T17:51:07","date_gmt":"2011-02-16T15:51:07","guid":{"rendered":"https:\/\/blogs.fu-berlin.de\/jfkpol\/?p=171"},"modified":"2011-03-09T11:04:46","modified_gmt":"2011-03-09T09:04:46","slug":"president-obama%e2%80%99s-budget-proposal-for-2012","status":"publish","type":"post","link":"https:\/\/blogs.fu-berlin.de\/jfkpol\/2011\/02\/16\/president-obama%e2%80%99s-budget-proposal-for-2012\/","title":{"rendered":"President Obama\u2019s Budget Proposal for 2012"},"content":{"rendered":"

President Barack Obama submitted his administration\u2019s budget proposal for the fiscal year 2012<\/a> to Congress on Monday. Investment priorities include higher education and infrastructure, as well as a focus on strengthening Social Security. In his Message to Congress<\/a>,\u00a0the President also notes that he continues to oppose the permanent extension of the 2001 and 2003 tax cuts for families with an income of more than $250,000 a year, stating, \u201cI will push for their expiration in 2012.\u201d<\/p>\n

But, as expected, the proposal contains some significant cut-backs. In the President\u2019s words, \u201cmaking these spending cuts will require tough choices and sacrifices.\u201d These include a freeze on Federal civilian worker salaries, as well as reduction funding for the Department of Defense, cutting back on defense spending by $78 billion over the next 5 years.\u00a0Perhaps most significantly, Obama proposes, \u201ca 5-year freeze on all discretionary spending outside of security\u201d, which he expects to \u201csave more than $400 billion\u201d over the next decade.<\/p>\n

Still, the question for the upcoming days is whether or not the White House\u2019s proposal can appease congressional Republicans. On Sunday – a day before the Administration sent their proposal – Speaker of the House John Boehner indirectly signaled that if federal spending cuts did not go far enough, his party might be willing to risk another government shut down. Then on Tuesday, Republicans proposed to slash the current 2011 budget by $100 billion, in what was widely understood to be a rather symbolic gesture with slim chances of passing through the Senate. Nevertheless, this prompted the White House to issue the threat of a potential veto, should such a bill really be introduced.<\/p>\n

The next few days will prove whether or not the President\u2019s somewhat optimistic outlook will hold true: \u201cThere are no inherent ideological differences that should prevent Democrats and Republicans from making our economy more competitive with the rest of the world.\u201d<\/p>\n

In the video posted below, the Director of Director of the Office of Management and Budget, Jack Lew, briefly summarizes the proposals and addresses future plans on how to handle the deficit. Go to https:\/\/www.whitehouse.gov\/omb\/budget\/Overview\/<\/a> for a full PDF version of the budget, and keep visiting our blog for upcoming commentary.<\/p>\n

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President Barack Obama submitted his administration\u2019s budget proposal for the fiscal year 2012 to Congress on Monday. Investment priorities include higher education and infrastructure, as well as a focus on strengthening Social Security. In his Message to Congress,\u00a0the President also notes that he continues to oppose the permanent extension of the 2001 and 2003 tax […]<\/p>\n","protected":false},"author":762,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[160,157],"tags":[],"class_list":["post-171","post","type-post","status-publish","format-standard","hentry","category-congress-watch","category-the-state-of-american-democracy-innenpolitik"],"_links":{"self":[{"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/posts\/171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/users\/762"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/comments?post=171"}],"version-history":[{"count":7,"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/posts\/171\/revisions"}],"predecessor-version":[{"id":292,"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/posts\/171\/revisions\/292"}],"wp:attachment":[{"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/media?parent=171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/categories?post=171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.fu-berlin.de\/jfkpol\/wp-json\/wp\/v2\/tags?post=171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}