Obama unveils $3.8 trillion budget
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/03/19/geithner.qanda/art.geithnerobama.gi.jpg caption="The Obama administration revealed a $3.8 trillion budget for 2011 on Monday. To his left, Treasury Secretary Tim Geithner."]
Jennifer Liberto
CNN Money Senior writer
President Obama revealed a $3.8 trillion budget for 2011 on Monday that tries to balance two competing goals: continued government spending to boost the fragile economic recovery and controlling the nation's deficit.
"We simply cannot continue to spend as if deficts don't have consequences, as if waste doesn't matter," Obama said at a White House presentation. "It's time to save what we can, spend what we must and live within our means once again."
The budget calls for $53 billion in tax cuts and $50 billion job-creating measures, including small-business tax cuts, as well as new investments in green technology and infrastructure programs for work on roads and bridges.
|
|
Filed under: Economy • President Barack Obama |
About this Show:
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with AC361°
Subscribe to the podcast
On Twitter
Search the AC360 blog
2009 reruns already.
This has got to be the most idiotic thing I have ever heard. The government is sitting here and telling us they have to spend to save our country. Let's see them give back the half of the stimulis bill that isn't spent yet. Let's see them use this money for the budget.