Budget Plan For 2013 Released By Obama (FULL TEXT)

WASHINGTON -- President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the government's huge health benefit programs, a major cause of future deficits.

Obama's new budget was immediately attacked by Republicans as a retread of previously rejected ideas. The budget battle is likely to be a major component of the fall election campaign.

The president would achieve $1.5 trillion of the deficit reductions in tax increases on the wealthy and by removing certain corporate tax breaks. Obama rejected GOP charges of class warfare. In his budget message, he said, "This is not about class warfare. This is about the nation's welfare."

Scroll through the 2013 budget proposal below:

budget

Comments

[JanusDaniels]

03:46 PM on 02/18/2012

We expect a detailed alternative budget proposal from the Republican Party.
Just kidding. ; )

[TomDi]

02:39 PM on 02/13/2012

OBAMA GONE WILD !!!

The White House announced plans on Monday to help "Arab Spring" countries swept by revolutions with more than $800 million in economic aid, while maintaining U.S. military aid to Egypt.

Do you libs, progressives, marxist, etc. really want to give your hard earned tax money to these poeple. Obama thinks you do. You have to admit this is wrong.

[Midnight Cry]

02:14 PM on 02/13/2012

This guy is incapable of balancing a budget. All smoke and mirrors....

[ColoradoPete]

01:37 PM on 02/13/2012

Here we go again.........a budget deficit of $901 billion for 2013. So in four years, not only has Obama been unable to reduce unemployment in a meaningful way, but he is incapable of reining in spending for our Federal government. And no proposed modifications to entitlement programs looking out over the next 10 years.

Obama's record:

2010: $1.293 trillion deficit
2011: $1.299 trillion deficit
2012: $1.101 trillion deficit (projected)
2013: $ .901 trillion deficit (projected)

Avg: $ 1.150 trillion per year

What a disaster!!!

[KristinaMae]

01:34 PM on 02/13/2012

*yawn* same crap, different day.

[getoffmedz]

12:19 PM on 02/13/2012

Time for the extreme-right to go into full bellicose bellow mode.

[SMPRICE]

11:45 PM on 02/13/2012

Hey getoffmedz, just giving you the facts.

[getoffmedz]

10:23 AM on 02/14/2012

Me too. ; o }