Obama's 2012 budget as much fiction as 2011's
Congressmen get their first look at President Obama's fiscal 2012 budget on Monday.
February 14th, 2011
10:28 AM ET

Obama's 2012 budget as much fiction as 2011's

President Barack Obama on Monday introduced his fiscal 2012 budget, a $3.7 trillion amalgamation of guesses and calculations which stands no chance of being enacted in the form the president’s bean counters put it together.

Before it gets back to Obama’s desk for a signature, the spending blueprint will go through no less than 40 congressional committees, 24 subcommittees, countless hearings and a number of floor votes in the House and Senate, CNNMoney’s Jeanne Sahadi writes.

Republicans wasted no time in letting the president know what they liked – nothing. Here’s what House Speaker John Boehner said Sunday on NBC’s “Meet the Press”:

"He's going to present a budget tomorrow that's going to continue to destroy jobs by spending too much, borrowing too much, taxing too much."

Considering that all government spending originates in the House, where Boehner’s Republicans hold a 241-to-193 advantage, you can see how big a fight is ahead.

And recent history shows that all this may not mean anything. The federal government still hasn’t passed a budget for fiscal 2011, which began October 1.

The country has been paying its bills with continuing resolutions, the latest of which expires on March 4.

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Filed under: Barack Obama • Economy • Politics
soundoff (517 Responses)
  1. c+

    Deuteronomy 8:18
    But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.

    February 14, 2011 at 4:22 pm | Report abuse |
  2. c+

    Any other questions?

    February 14, 2011 at 4:22 pm | Report abuse |
    • 2FLI

      Yeah, please explain how God talking to Moses/Israelites = the U.S.

      February 14, 2011 at 4:28 pm | Report abuse |
  3. c+

    Again I say bickering doesn't solve anything. Taking a personal responsibility for the conditionof our nation does!

    February 14, 2011 at 4:25 pm | Report abuse |
  4. White Russian

    EAT THE RICH!

    February 14, 2011 at 4:32 pm | Report abuse |
  5. onlyslightlyamused

    Obama is the only president in recent memory who actually gives a fu** abt the middle class. He has to compromise and do things he said he would NOT do so that he CAN get some things for the middle class. Republicans don't give a damn abt anyone but their corporate cronies. Racist, alien reptilian bast**ds!

    February 14, 2011 at 10:08 pm | Report abuse |
  6. jamezbelly

    You guys should stop complaining because, one the health care we have now isnt as good as it was supposed to be. also the law has just been signed so give it some time. so if u want to say u have the right to choose tell that to ur congress men or state official. If you do not have insurance and need one You can find full medical coverage at the lowest price search online for "Wise Health Insurance" If you have health insurance and do not care about cost just be happy about it and trust me you are not going to loose anything!

    February 15, 2011 at 6:28 am | Report abuse |
  7. c+

    AGAIN, PEOPLE I SAY THAT WE NEED TO TAKE THE REINS OF RESPONSIBILITY FOR THE NATIONS FAILURES. FINANCIAL, MORAL, ETC. THE GOV'T HAS FAILED US BECAUSE WE HAVE PUT OUR TRUST IN PEOPLE WHO ARE JUST LIKE US. wE NEED TO TAKE RESPONSIBILITY FOR OUR INDIVIDUAL COMMUNITIES BECAUSE IT IS UPON US TO MAKE THE DIFFERENCE NOT THE GOV'T. I WILL END MY LAST POST WITH THIS STATEMENT, IF THE GOV'T COULD FIX THE PROBLEM, WHY HAVEN'T THEY DONE SO ALREADY?

    February 15, 2011 at 8:38 am | Report abuse |
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