May 7th, 2009
01:29 PM ET

Weeding the budget of $17 billion

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President Obama on Thursday offered a more detailed look at his 2010 budget proposal, which includes recommendations to cut funding for 121 federal programs and save $17 billion in 2010.

"There is a lot of money being spent inefficiently, ineffectively, and - in some cases - in ways that are actually pretty stunning," Obama said.

The $17 billion in savings amounts to roughly 0.5% of the more than $3.5 trillion in spending approved for next year, or 1.2% of the projected $1.4 trillion deficit next year if the president's overall budget is adopted.

The main new budget document is now online. It lists the programs being terminated and other cutbacks, program reductions and savings.

Take a look here.

Filed under: Economy • President Barack Obama
soundoff (4 Responses)
  1. jeff

    hmm, legalize cannabis and hemp and you would save a hell of alot more then 17 billion from the budget.

    and more humans are free to live their lives.

    60 % of drug cartel profits come from cannabis sales.

    lets hit them where it hurts and LEGALIZE CANNABIS and HEMP.

    humans need to be able to smoke the flowers of the wonderful weed AKA cannabis. and i don't want my hemp cereal to have to import those hemp seeds from china and canada.

    lets green up the americas my friends!

    May 7, 2009 at 10:50 pm |
  2. Melissa

    I would NOT like to see the government ever approve marijuana use. I don't support getting high like druggies do.

    As for weeding out money, thats good. He's doing what he should be doing.

    May 7, 2009 at 5:44 pm |
  3. yvonne medina

    i would love to see the government approve marijuana use
    so that i can file a law suit causing me to become stoned by second degree contact smoke
    as so many have done because i smoke cigerattes causing them harm
    lets go for it i am sure i could find billions of smokers (cig)
    that would follow my lead

    May 7, 2009 at 4:05 pm |
  4. Will Dudley

    Line by line... it's the way we read, the way we build, and it's the way we're going to have to reconstruct the government budget for the next century and build the foundation for existence in a world which in a hundred years became as small as this one.

    May 7, 2009 at 3:35 pm |