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. Don

    Republicans keep talking about killing and destroying jobs...have they even created one?

    February 14, 2011 at 10:47 am | Report abuse |
    • Calvin

      Probably more than a community activist and professional speech maker ever has.

      February 14, 2011 at 10:56 am | Report abuse |
    • John

      Really, CNN, certainly not a conservative leaning service, is basically calling the budget a fantasy. And some how this is the repubs fault? Why don't we start holding all of the accountable?

      February 14, 2011 at 10:58 am | Report abuse |
    • Heywood

      You ask if Republicans have ever created jobs- The Government should not be attempting to create jobs, they should foster an environment where jobs can be created in the private sector.

      You would probably find that most jobs are created by people who identify themselves as Republican.

      February 14, 2011 at 10:58 am | Report abuse |
    • jjheinis

      Of course they have, but not in the US. Healthcare spending created jobs in the United States for Americans. Students are not stupid, the smartest ones have always gone into healthcare because they get paid well. Those who are not so bright, plan to work at Walmart and hate Obamacare until they have to go into the emergency room and get treated for free since they cannot pay the bill and their employer refuses to buy health insurance. Of course, this type of freeloading is freedumbdumb.

      February 14, 2011 at 11:00 am | Report abuse |
    • Barry

      Obama spent a trillion stimulus dollars to keep unemployment under 8%......what happened?

      February 14, 2011 at 11:07 am | Report abuse |
    • UHhello

      The answer to your question is a resounding NO. If you consider the 5 million jobs lost from 2001 – 2007 which occured under GOP of house senate and WH and the 2 million more that followed from 2007-2010 and the 2.0 million gained by a Democrat controlled congress and Senate it is easy to show the net loss of 5 million is pretty much the responsiblitiy of the GOP. Furthermore the GOP wants to "shrink government" tell me how they will do it without cutting jobs? The GOP wants to cut waste in the budget of some 100 Billion (which of course they cannot find and are going hand the responsibility of hundreds of millions off to local and the WH to do for them) how much of that will translate to lost jobs?. They already got their tax cuts for the rich extended I want to know where are the jobs these big businesses are too create for us? Where GOP? Where Tea Party? The answer is neither have a clue because they look to short term moves expecting it will save the future? budgets don't work like that. I know I budget at my home and if I want a family vacation for 5 ppl for 2 weeks I have to plan for 4 yrs to pay for it in advance. Why can the GOP ever pay for anything they start? 2 wars...unfunded, No child....unfunded, this is the old Cut and borrow legacy the GOP leaves behind because in the words of Dick Cheney "Deficits Don't matter"!!

      February 14, 2011 at 11:07 am | Report abuse |
    • Edwin

      Don,

      Republicans believe that rich people deserve all their money, and that poor people should be grateful they can eat at all. Why should the GOP create jobs? The rich already have jobs.

      February 14, 2011 at 11:10 am | Report abuse |
    • John

      Why don't we have a check box on the tax form for people who want to pay a higher rate. My guess is just like charity, most Dems would avoid it.
      BTW, why is this crap in hard copy form? How many millions could we save if it wasn't?

      February 14, 2011 at 11:16 am | Report abuse |
    • UHhello

      I hear some of you saying government doesn't creat jobs! fine I'll buy in but GWB promised the private sector would create jobs if we just gave them the tax breaks Obama and the Republicans just extended back in 2001. Show me any of you right wing nut jobs where those jobs were created by the private sector? Where? China, Eastern block EU that is where you idiots! Those corporations took OUR money from OUR government and used it to make THEIR profits bigger while the American worker got laid off! Thank you GOP!! Thank you Private sector...I am waiting for the next BS explaination of the facts I have pointed out. I am waiting you idiot republicans....please write what I know you will write so I can chop you up and spit you out.

      February 14, 2011 at 11:17 am | Report abuse |
    • Sunny

      Yes, The repiblicans have created jobs. US Army, Marine, Air Force, Navy etc. Why do you think Bush started war on Iraq. To create jobs!

      February 14, 2011 at 11:17 am | Report abuse |
    • UHhello

      Hey everybody! John here thinks if we save money by NOT printing the budget (which is required by law dumb-A) the Republicans are going to read it on line much less understand it....LOL too funny I just spit my coffee all over the place...thanks mondays are so tough to get good laughs in.

      February 14, 2011 at 11:19 am | Report abuse |
    • John

      UMHELLO – Laws can't be changed? I work for a large company who stopped producing their annual budget information on hard copy. Take a guess how much this 150 million dollar company saved. BTW, you are the smart guy, how much does it cost to produce these hard copy books?

      February 14, 2011 at 11:26 am | Report abuse |
    • John

      UMHELLO – BTW, you didn't say if you would check off to pay higher taxes or not. What a surprise. I assume you are still cleaning up your coffee. You must be Union – it takes much longer for you folks to get things done. A coffee spill could take upwards of an hour depending on if it was a 12 or 16 oz cup. First you would need to figure what cleanup crew was responsible, 12 or 16 oz group, than what group would be responsible for decaf or reg. Then we get into the whole cream or milk thing.

      February 14, 2011 at 11:32 am | Report abuse |
    • Dawg Gone

      Reagan quadrupled national debt to over 4 trillion dollars! St. Ronnie provided massive tax cuts to the rich and made up the lost revenue with major tax increases on the working class. Baby bush continued the failed polices, Obama inherited the mess!

      February 14, 2011 at 11:34 am | Report abuse |
    • Paul

      I suggest you all read William Black's work on anti-regulators, control fraud and job loss. The truth to job loss is out there, and it was both Dems and Republicans that are responsible. Additionally, his work will show you WHY there was job loss. John Boehner, or any of you other purveyors of the BS "job destroying" president.....here's a novel idea – UNTIL YOU CAN EXPLAIN HOW OBAMA IS DESTROYING JOBS STOP THE RHETORIC> Wall Street's collapse and risky, fraudulent behavior accounted for approximately 10 million jobs lost. You need capital to flow to put people to work. Deregulation = job loss. It's been prooven...do some homework before you spout off.

      February 14, 2011 at 11:39 am | Report abuse |
    • Aaron

      The government does not create jobs people. Stop looking to them for every little thing, get off your butts, and do something. or shut the hell up.

      February 14, 2011 at 11:42 am | Report abuse |
    • Righton

      Edwin, why should poor people who refuse to work get free handouts? My mother in law is on disability. She refuses to work b/c "she might have to work weekends." Therefore, she is not willing to work. Same with her husband. Was on unemployment for two years because he "was waiting for the right job." So please tell me, why should they continue to get money for nothing. I work 40 hours a week, as does my wife. Last year I lost 25% of my salary to taxes and social security (which will be gone by the time I need it. How awesome is that?). I am by no means a rich man. So is it wrong for me to want to keep the money I earn?

      February 14, 2011 at 11:42 am | Report abuse |
    • Joshua Ludd

      "You would probably find that most jobs are created by people who identify themselves as Republican."

      Jobs are created by market demand.. so, no, you would not find that.

      February 14, 2011 at 11:44 am | Report abuse |
    • dave

      How can the Republicans even THINK they have an ounce of credibility when it comes to economic matters after the mess the Bush administration and the Republican senate left Obama to clean up?

      February 14, 2011 at 11:47 am | Report abuse |
    • Starman

      Hey John Beohner, Just remember, you created 83% of the deficit, you refuse to cut 850 bil a year to military, you supported our trillion dollar wars. You support these huge corporate Welfare tax reductions. You created and supported the 700 billion wall street bail out... all of this done before Obama took office. You need to take responsibly.

      February 14, 2011 at 11:48 am | Report abuse |
    • dorkus maximus

      Heywood: I agree about the govt. creating an atmosphere that promotes jobs in the private sector. That's why it's so puzzling that the Republicans oppose investments in national infrastructure, such as road and bridge repair, improved rail transportation, or national high speed internet.

      February 14, 2011 at 11:49 am | Report abuse |
    • Aaron

      LMAO @ dave.

      How can the Democrats even THINK they have an ounce of credibility when it comes to economic matters after Obama has already spent more money than every administration before him combined?

      February 14, 2011 at 11:52 am | Report abuse |
    • Daniel O

      The republicans sit there and talk about cutting funding and spending. How can you sit there and talk about planning to cut funding to education, eliminating teach for America and cutting spending in general. What will our country look like if these things were to happen? A nation full of jobless, uneducated, misers who fear to put a penny anywhere because our government is scaring us into thinking spending is a horrible thing. Maybe we should create jobs by making an industry where we build houses and communities. Green, affordable houses and communities run on solar, wind and water energy. That helps our job industry and housing industry. Maybe we should revamp the education system in general so that it's based more off of learning, career path and graduation success, rather than a ridiculous, bias grading system where teachers are more focused on regurgitating curriculum and playing favorites than they are about having children understand courses. Honestly, this country is quickly falling deeper and deeper into a mire created by the Bush administration that has put us all in a state of shock and fear. A state where education comes last and war is first. It doesn't help that anything proposed by the president is immediately shot down by republican congressmen without even reading what is proposed. Wake up people. Maybe we should take a cue from Egypt and demand a democracy ourselves.

      February 14, 2011 at 11:58 am | Report abuse |
    • Jeff S

      UHHello – you, sir, are guilty of gross "using of logic", and 1st-degree "making sense." The Neoconservatives around here are going to have a field day with you for not living in their dittohead fantasy world!

      February 14, 2011 at 11:58 am | Report abuse |
    • Ed

      Not one, Bush is responsible for 7.8 million jobs lost, Obama for just 5k, and he has added jobs for 13 months straight.

      February 14, 2011 at 12:03 pm | Report abuse |
    • STOP SPENDING

      This JOKE of a budget proposal is more proof that the POTUS is an enemy of enemy of American and its people. If this wasn't so DANGEOUS it would be laughable! Unfortunately, the uninformed illogical liberal-ites are being played big time and the whole nation will suffer even more as a result. Stand up America and stop the debt and welfare freebies now!!!

      February 14, 2011 at 12:08 pm | Report abuse |
    • Ben

      WHO CARES WHAT LETTER APPEARS IN FRONT OF YOUR NAME ON CNN!!!??

      We're still doing this whole partisan bickering thing?? We have REAL problems in this country!! You can be a D or an R but you're an American and we have serious issues here but no one in Washington gets that! Quit bickering and fix the defecit!!

      We need to cut into the big 4 (Medicare, Social Security, Defense and Medicaid) if we ever want to be out of this 14 TRILLION dollar hole we're in! Obama thinks he's going to get us out of it by cutting 1 trillion in 10 years?? Bite me you idiot!! There is no text to relay how upset all this stuff makes me! We have huge problems and they're bickering like children, get over yourselves and FIX IT.

      February 14, 2011 at 12:15 pm | Report abuse |
    • Percy

      No, now the election is over its back to business as usual. The only way to help create jobs in the USA is to bring back all those jobs outsourced to China, India and etc./etc...
      I never hear anyone even mention this issue –“WHY NOT!!”

      February 14, 2011 at 12:21 pm | Report abuse |
    • Dan

      Why is Obama cutting the life out of the programs of the people who need it most. I'm an upper middleclass person. I'm not rich by any means but live comfortably. Tax me and others like me and the rich to help reduce the deficit. We all have to make sacrifices but don't hurt the individuals who need the help. I don't understand this AND I"M A REPUBLICAN.

      February 14, 2011 at 12:21 pm | Report abuse |
    • Andy

      You've hit on the ground level fallacy. Government cannot create wealth; it can only seize and reapportion it, which destroys wealth in the process. The only way to create wealth, and thus jobs, is for them to get out of the way as much as possible.

      February 14, 2011 at 3:37 pm | Report abuse |
  2. D brown NYC

    The president is moving in the right direction, Again it seems the republicans would rather starve the country into fiscal responsibilty than to go step by step.

    February 14, 2011 at 10:50 am | Report abuse |
    • John

      Socialism is not the right direction.

      February 14, 2011 at 10:59 am | Report abuse |
    • Ken

      Amazingly, millions of jobs were created when the upper tax rate was 70% + and the government was building infrastructure. Not to mention charging a 30% tariff in imports, protecting American goods. That Eisenhower was SUCH a Socialist. The only jobs the Republicans create these days are Servants for the rich, and most of those go to illegals.

      February 14, 2011 at 11:07 am | Report abuse |
    • UHhello

      Obama is doing what Republicans and Tea Party activists are afraid to do. He is looking at the future and at societal consequences. Mark my words the GOP will stall this thing with all their 1 yr budget changes and American will sink in to another Recession and again the people don't learn that though the GOP talks of responsibility what they mean is "get out the credit card" and Democrats want to at least create revenue for the government to pay for some of what they want for us.

      February 14, 2011 at 11:12 am | Report abuse |
    • Edwin

      Ken,

      The days when the rich paid 70% are long gone. Reagan CUT the upper income tax bracket... down to 65% I think. Today's rich would call him a RINO - a traitor to the GOP - except that they like to idolize him. With taxes at a nearly all-time low, the country simply cannot bring in enough money to pay for infrastructure and job creation. And honestly, the GOP do not care - the rich all have jobs, so they see no reason to create more.

      February 14, 2011 at 11:13 am | Report abuse |
    • John

      How much is "rich" to you people? Over 60K? 70? 100? It is amazing how people want to take from people who worked their entire lives to get what they have.
      My guess is both Regan and JFK would have a problem finding a party today.

      February 14, 2011 at 11:21 am | Report abuse |
    • Daniel O

      I wonder John, do you even know what socialism is? How is it a bad thing to even out our country a little when 80% of the wealth is controlled by TWO PERCENT of the population. Is monarchy a step in the right direction if not socialism? Is that what the idea is? I'm sure the other 98% of the population struggling with only 20% of the money would love to hear your ideas about how the dreaded socialist system is not a step in the right direction at this point.

      February 14, 2011 at 12:02 pm | Report abuse |
    • Daniel O

      By the way a 80k is considered upper class.

      February 14, 2011 at 12:11 pm | Report abuse |
    • Daniel O

      Also, most people work their entire lives John. I guess we should just continue to take more money from people making under $80k a year right? The people that are struggling the hardest should have more money taken from them, because the people over that mark have worked hard their entire lives. That's what you're saying right?

      February 14, 2011 at 12:12 pm | Report abuse |
  3. Andrew

    I love how a source such as CNN likes to refer to Accountants as "Bean Counters." Maybe we should just call all Journalist and news anchor's "LIARS." Screw you CNN!

    February 14, 2011 at 10:53 am | Report abuse |
    • jjheinis

      Ah hates dem librals and de socialists. Ah loves Ronald Reagan. Do the Republicans have a solution. Never! Remember the 1950's: Segregation Now, Segregation Forever. Do nothihg and pray Jeezus makes a miracle happen.

      February 14, 2011 at 11:02 am | Report abuse |
    • Edwin

      Andrew,

      I agree - words like 'Bean Counters' and such belong in an editorial, not an actual news piece. This is very poor journalism, but CNN does not care because people still read it. They get paid by the reader, not by quality.

      February 14, 2011 at 11:15 am | Report abuse |
    • John

      Hmm, I thought the left was in love w/Regan these days? The whole BO is "Reganest" is nothing but a lie to you. Dems will say anything...

      February 14, 2011 at 11:23 am | Report abuse |
  4. Ed

    He is moving in the wrong direction and leaves me puzzled searching for the answer to Why did I vote for him? He isn't living up to his promises. This country is in debt to banks. We need this fixed...NOW!

    February 14, 2011 at 10:55 am | Report abuse |
    • Subhendu Das

      Why there will be debt? Just print money and pay it back. And whom do we pay it back? It is our money. Government is printing it.

      It is not our home budget. In our home we cannot print money. But our government can print money and pay for all expenses. Can we not? Is there anything wrong in it?

      February 14, 2011 at 11:07 am | Report abuse |
    • Victor

      @subhendu that's how you create inflation, which leads to the current situation in Zimbabwe where a one quadrillion dollar bill can barely by you a loaf of bread. Printing off more money is not the solution to solving a national debt.

      February 14, 2011 at 11:43 am | Report abuse |
  5. Cesar

    The Republicans have a history of excessive spending and tax cuts for the rich, but when it comes down to the working class, they are a complete utter failure-still waiting for that trickle down economics from 1980. 3.7 trillion? Thanks Bush great war, rich tax breaks & tax checks.

    February 14, 2011 at 10:55 am | Report abuse |
    • Jose Head

      What more do you want for the "working class"? After all, they don't pay federal income taxes. Some 50% of "taxpayers" do not pay federal income taxes. And, in fact, a lot of those are eligible for the EITC, so they actually get money back.

      February 14, 2011 at 11:06 am | Report abuse |
    • Edwin

      Jose Head,

      Your facts are false, and I have seen them before. Conservatives often use them as justification for low tax rates for the rich, even though everybody knows they are made up.

      But to answer your real question, which *is* legitimate: what more do we want for the working poor? We want a country where people can work one job, maybe two - and earn enough to pay rent, food, and utilities. We want a country where the gap between rich and poor is not so big (it is bigger now than at ANY time in history, including ancient times of abject poverty).

      We want to go back to the days when the rich actually used their money to improve the country instead of just satisfying their own greed. We want a country where idiots don't ask why the poor, some of whom make less than they have to pay out in benefits and taxes, don't contribute more.

      February 14, 2011 at 11:23 am | Report abuse |
    • Aaron

      Sorry Edwin, you do not get to decide how people use their own money that they earned, period. If the rich want don't want to use it the way you think they should use it too damn bad because it is absolutely none of your business what they do with it, period.

      February 14, 2011 at 11:46 am | Report abuse |
    • John

      This kind of a deflection game use to work before the Tea Party. If it was wrong for Bush 5 years ago it is more wrong now. Wake up people. If you think the US can't fail start paying attention to the rest of the world. We are not what we were and we are not improving.

      February 14, 2011 at 11:52 am | Report abuse |
    • Chris

      JoseHead.
      The middle class don't pay federal income taxes????? Really??? I think you should check again with the IRS before they come and haul you away for tax evasion.

      February 14, 2011 at 11:53 am | Report abuse |
  6. Thadd007

    So, let me get this straight: we're slashing our domestic budget to help defray the "costs" associated with allowing the rich to maintain their tax bracket advantages­. Maybe, if they hadn't pushed so hard for tax cuts for the rich, a lot of these spending cuts wouldn't have been "necessary­" for the middle and lower class. Yet millions of poor and working class people keep voting these clowns into office who are only interested in protecting the pockets of the wealthy. Wake up Americans!

    February 14, 2011 at 10:56 am | Report abuse |
    • Subhendu Das

      You are right. The income difference is 1000 times between the bottom fifth and the top fifth. If we cut one dollar for the poor, then there must be a cut of 1000 dollar for the rich. It cannot be one way.

      There is no win-win situation. For every win-win situation, if you look carefully you will always find a loser. There is a law of conservation. If you win then I must lose. Rich has taken it from poor. That money must be taken back by the government and redistribute it. That was the election message of Obama – redistribution of wealth.

      February 14, 2011 at 11:16 am | Report abuse |
    • Edwin

      Subhendu Das,

      Things are going to get worse as time goes on. I do not see a solution, except to declare being rich illegal, or to have an actual, bloody revolution. If you can see one, please try to implement it. Things ARE getting worse, and they will continue to do so.

      February 14, 2011 at 11:27 am | Report abuse |
    • cecilia

      waking up is not something that will likely happen to the GOP. when you take a look at the CPAC group and who they allow to address their issues – there is no way anyone of them will step out of the box and take action for all Americans – it is becoming a joke – only no one is laughing

      February 14, 2011 at 11:43 am | Report abuse |
    • Aaron

      You could not be more wrong if you tried cecilia. Ron Paul will do all of that and more.

      February 14, 2011 at 11:47 am | Report abuse |
    • Centaur

      Thad007, you nailed it!
      Congressional Republicans are hypocrites. They are more than willing to increase the deficit to provide tax cuts to the rich but, when it comes to programs that benefit the middle and working classes, they say we can't afford them.

      February 14, 2011 at 11:53 am | Report abuse |
    • Valerie

      That's right, so long as they keep the middle and poor class in the dark; they will continue living on our backs. The fact of the matter is this: We only pay 4.2% social security tax up to $106,800. This means we the middle and poor class pay for social security. If social security is such a big budget expense, then don't you think it's only fair that the rich pay 4.2% of their income. That not only would be fair, but end all of our budget problems...without all the cuts. Wake up Americans, take a stand for what's right. Hold our congressmen accountable.

      February 14, 2011 at 12:12 pm | Report abuse |
  7. pundit

    The rich will get richer. The poor will suffer more. China's power and influence will grow. Schools wil teach less.
    Potholes will grow larger. The Ameeican people will look away and yawn.

    February 14, 2011 at 10:58 am | Report abuse |
  8. CaliforniaBC

    "Job destroying"

    I think it's time for boehner to start acknowledging the economic improvement aacross the board and the drop in unemployment. And as we move through the coming months these numbers will continue to improve, maybe with a few fluctuations but they will improve. Eventually the Republican Party is going to ave to admit their "job killing" rhetoric and purposeful campaign of misinformation was and IS wrong.

    It's time to call these people out on their empty criticisms.

    February 14, 2011 at 10:58 am | Report abuse |
    • D

      Unfortunately, as we move through the coming month, Boehner will just start taking credit for the improvements.

      February 14, 2011 at 11:37 am | Report abuse |
    • John

      Re-the drop in unemployment – It is all a game to these people. Wouldn't using a simple formula based on total jobs in the US work (instead of the phoney govt numbers)? It is like not using food or fuel to measure inflation – oh, never mind we already do that.

      February 14, 2011 at 11:57 am | Report abuse |
    • Centaur

      Don't "misunderestimate" the Republicans. They are masterful at getting middle class and working class people to vote them into office, only to screw them over. The GOP wants to reduce Social Security benefits (which WE pay for btw; it's not a gov't hand out). The GOP wants to privatize Social Security so Wall Street execs can get their hands on our $$$. (Yep, the same execs who helped create the Great Recession and who wiped out our 401k funds, yet still paid themselves huge bonuses).

      February 14, 2011 at 12:08 pm | Report abuse |
  9. Mac

    Where are the real solutions by John Boehner and fellow Republicans? Enough of the "This won't work and we're going to vote that down"!! We haven't heard any real proposals from them. Where are the real solutions??

    February 14, 2011 at 10:59 am | Report abuse |
    • D

      Exactly! It's like Lewis Black says: "Democrats are the party of BAD ideas and Republicans are the party of NO ideas."

      February 14, 2011 at 11:39 am | Report abuse |
    • Somethought

      We are wasting our time fighting over how 12% of the budget is spent. We need to talk about real cuts to Medicare costs/spending and cuts to the defense industry golden calf. It is hypocritical of the GOP to avoid these topics and expect the middle class and the poor to carry the burden through discretionary budget cuts (12% of the total budget).

      Both sides need to talk about making some big cuts to the programs that are going to cost people their jobs in Congress. Medicare and Military cuts are going to be painful because old people VOTE and OFTEN and the defense contractors have parked their jobs in every state and county in the country in order to hold those jobs over elected officials when the time comes to cut back.

      Finally, if the 60s were such a great time for America, let’s get our tax code back to that. My salary then would have been about $16K (6 figures in today’s world) and I would have owed 28% with nearly NO tax deductions in the code. However people making a billion dollars today would be paying about 50% or more in taxes with no write offs. And it makes sense for them to give back! This great country gave them the opportunity to make a wage unattainable anywhere else in the world. Reagan’s tax code changes have been a disaster as they have left the country without the revenue to keep Medicare alone funded.

      February 14, 2011 at 11:45 am | Report abuse |
    • It's all a game

      Why republicans won't offer a solution?

      Because democrats will say the same thing that the republicans say: "It won't work."

      Vote the republicans in and see what they do.

      Actions speak louder than words. Especially in the case of politicians, their words don't mean anything to me! They all talk and talk...

      February 14, 2011 at 12:31 pm | Report abuse |
  10. Barry

    The new estimates project the deficit for the current year will surge to an all-time high of $1.65 trillion. Hey, Obama, ever consider living within your means like the rest of us have to do.

    February 14, 2011 at 11:01 am | Report abuse |
    • Danny

      Remember in 1999 the budget was balanced and the government was within its means, with a surplus. Then the republicans came and it was all gone.

      February 14, 2011 at 11:20 am | Report abuse |
    • William

      "Your Means?" It's our means. The budget covers all of the activties that occur becasue of or as a result of our decisions. We..The United States... decided on this and past budgets. If you would like to remove yourself from all of the coverage/protection that you have because of this and past budgets...roads, food that does not kill, public schools, police, the military, air that won't make you sick (etc...)...go right ahead. Try to live without ANY help / protection / or thing that exist because WE THE PEOPLE have determined that it is in the best interest of us as a society. Do it on your own. With all that free time, I would suggest you try to educate yourself on the complexities of budgets, free market societies, and a global economy.

      February 14, 2011 at 11:27 am | Report abuse |
    • D

      And ya know, technically, us individuals don't necessarily have to live within our means either. You're perfectly free to go our and rack up a ton of debt. For a while ...

      February 14, 2011 at 11:40 am | Report abuse |
    • Rico

      Ever stop to think that it's congress that passes budgets not the President. So why don't you tell Bonehead Boehner to live within his means?

      February 14, 2011 at 11:41 am | Report abuse |
  11. Harkov mebel

    Very inyeresting! I wonder what is theopinion of the democrats on the budget?

    February 14, 2011 at 11:02 am | Report abuse |
  12. A disgusted former Republican

    The Weeper-of-the-House is just spouting typical republican bulls**t. Republicans have no clue about budgets; all they know is tax breaks for big business and screw the middle class. What a bunch of losers!

    February 14, 2011 at 11:02 am | Report abuse |
    • buccakenji

      More Republicans have created and run a business than Democrats. That is a given. that requires a budget and business plan. Your statement is so moronic it makes me wonder who your supplier is....

      February 14, 2011 at 11:09 am | Report abuse |
    • D

      @buck: too bad the Republican track record for job creation (while they hold the Presidency) is so woefully bad!

      February 14, 2011 at 11:44 am | Report abuse |
  13. Subhendu Das

    Why there will be deficit? Why do we have to take the pain?

    We can print money, as much as we can, and pay the deficit. Is there any problem in that?

    Government budget is not same as home budget. In our home we cannot print money, but government can. It should print money whenever it needs and pay for it. Then there will be no deficit, no cuts, and no pain.

    Would someone explain it to me and to the people of America? What is the root cause of deficit?

    February 14, 2011 at 11:02 am | Report abuse |
    • Scott

      Deficit is how much in a given year your spending is more than your revenue. If I spend 800billion in bailouts, have a 100billion more in normal operating costs and only take in 80billion in revenue then I have a 820billion deficit which adds in turn 820billion to the trillion+ debt. Printing money devalues the dollar making the debt even more in the long run. The only way to get out of debt is to have no deficit but a surplus: making more than you spend. Could you imagine if America was out of debt? What kind of things we could accomplish? Think about your own situation or someone you may know. If they didn't have a mortgage, car loan, student loan for children...what they could do?

      February 14, 2011 at 11:08 am | Report abuse |
    • buccakenji

      Your statement is absolutely pathetic. Only a idiot would believe that unlimited printing of money would solve anything. You are SOOOO lame I would suggest that you go back to kindergarden and start the process over. You obviously missed most of your fromative years. Otherwise you as just STUPID.......

      February 14, 2011 at 11:13 am | Report abuse |
    • buccakenji

      Thank you "Scott" for your explanation. However I think it is wasted on "Subhendu Das". Someone must have a basic level of intelligence in order to understand something as complicated as economic theory. Me thinks you might as well talk to a rock.

      February 14, 2011 at 11:16 am | Report abuse |
  14. Scott

    I think that the cuts need to be more personally. We need years and years of surplus after this ridiculous spending the last decade; not a weaning of deficit. It's ridiculous that anyone would applaud a "reduction in deficit." That only means that the debt continues to increase. There needs to be NEGATIVE deficit, a surplus, over the next decade and then Americans will begin to, imagine this, get out of debt!

    February 14, 2011 at 11:03 am | Report abuse |
    • Keven

      I agree, but not now. Cutting will just put more people out of work

      February 14, 2011 at 11:05 am | Report abuse |
    • jeff

      We had a surplus until GW Bush took over – tax breaks and Iraq killed the road to deficit reduction in this country and those who don't accept that are the bury your head in the sand repubs.

      February 14, 2011 at 11:12 am | Report abuse |
    • buccakenji

      Good ole Jeff – the federal government has not had a surplus in the 20th or 21st century. Even Clinton who claimed to have a surplus was using accounting gimmicks to cook the books. Don't believe it do the research.

      One fact is absolutely true - Obama has created debt that is greater than ALL ADMINISTRATIONS SINCE WASHINGTOM. THAT IS FACT. OBAMA IS A FRAUD AND A PATHELOGICAL LIAR.

      February 14, 2011 at 11:21 am | Report abuse |
    • Subhendu Das

      Who do we pay for our debt? It is our money, we printed it, we do not have to give it back to anybody, right? So there is no deficit and no debt also. It is a complete false economy using false money. If money is false, i.e. not connected to gold, then we can print as much as we want and clear all our debt. We still do not have the root cause of the problem. Has anyone the answer?

      February 14, 2011 at 11:39 am | Report abuse |
    • D

      wow, lots of lies and misinformation in the replies here. sheesh!
      sure, cut some spending, but at the same time RAISE SOME TAXES. gee, what a novel idea!

      February 14, 2011 at 11:47 am | Report abuse |
    • dave

      Sorry Scott, Bill Clinton can't run for president again : (

      February 14, 2011 at 11:55 am | Report abuse |
    • Andy

      @jeff – There was NO surplus when Bush took over, nor was there any surplus at any time under Clinton. That is a lie that has been repeated too many times. The national debt has risen every single year since 1957. Some people will never get it.

      February 14, 2011 at 3:38 pm | Report abuse |
    • Andy

      @buccakenji – That is not true, about Obama creating more debt than any other president. The debt and deficit skyrocketed to record heights during the FDR administration, during the Great Depression and subsequent war effort. By any measure other than just raw dollars, not accounting for inflation or the GDP, this was the greatest addition to the debt.

      February 14, 2011 at 3:41 pm | Report abuse |
  15. Keven

    Republicans want to kill the economy again. They'll do anything to make sure Obama doesn't have a second term. Putting tens of thousands of people out of work means nothing to them. All they care about is making sure the oil company's and drug company's make billions

    February 14, 2011 at 11:03 am | Report abuse |
    • buccakenji

      YOU ARE A MORON....

      February 14, 2011 at 11:05 am | Report abuse |
    • jb1960

      You got that right. They are the real terrorist. They truly hate this country.
      They rather walk in the garden holding hands with the Saudi's than fix this countries problems.
      All those you follow republicans will live in hell.

      February 14, 2011 at 11:10 am | Report abuse |
    • Scott

      It may mean loss of jobs, yes, but imagine the jobs lost if they continue down this path! Jobs will be lost regardless so why not minimize the job losses and cut now? When the debt is cleared then imagine the job creations then! There truly can be no job creations in this debt environment. There may be jobs created, but others go away (which no one wants to admit because it make their numbers look bad).

      February 14, 2011 at 11:12 am | Report abuse |
    • It's all a game

      @Keven. If the republicans wanted the health companies to make more money, why would they vote AGAINST the healthcare reform?? That would make health companies so much richer.

      Let's please forget the old stereotypes of "republicans" and "democrats." It's all about who is going to be a good president in 2012!!

      February 14, 2011 at 12:44 pm | Report abuse |
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