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. tm1946

    If we cannot get this out of the political arena, folks, the US is in trouble. First, many demos need to realise the government can solve everyones problems from birth to death. Second, the repub. better realize, just being there is not going to keep them in office, they need some answers/solutions. We are headed for real problems to be dumped on our grandchildren and the future. To many of you do not care as long as you get yours, whatever that may be. Try to rise above you limited vision and think, THINK. The government need to cut till it hurts, and not just a few people. It has got to get about the business of saving this country.

    February 14, 2011 at 11:31 am | Report abuse |
  2. FritzAB

    This does not seem to be a news story but rather an opinion piece by Brad Lendon. Who is Brad Lendon? A member of the editorial board? A random contributor? A political operative? Based upon what he has written before, he writes fluff pieces with little information and lots of speculation. CNN needs to get its stuff together and fast! It contains less and less news each day.

    February 14, 2011 at 11:32 am | Report abuse |
  3. John

    I start laughing every time I see Republicans and Democrats fighting. The time has almost arrived that we kick both these useless parties to the curb. The amount of money they are talking about is inconceivable. Give any average American half this budget their talking about and other countries would never see a dime of it. Any one on welfare would be forced to work any job that is hiring even if they don't like it. I don't believe in killing babies but, I think it's the womans choice. I don't like gays life style but, I don't hate them because of it either. Everyone is in the middle on most issues so why would anyone say they are a Democrat or Republican. Everyone is Liberal on some issues and Conservative on some.

    February 14, 2011 at 11:32 am | Report abuse |
  4. Dacau

    @john: Funny to read your incomprehensive blabber here: Socialsm, Community organizer, etc..... Let's TAKE facts: Iraq and Afghanistan... unaccounted spending under GW – idiot – Bush. Fact: no proposal from Re – puke – icans how to cut spending. Fact: Modern-Keynsinism as supported by Milton Friedman and Ronnie Reagan – well all thre are DEAD now. So rather than further destroying this country you should come to our side and help re-build it.

    February 14, 2011 at 11:33 am | Report abuse |
    • John

      I don't care about your country. Zero. I care about the United States.

      February 14, 2011 at 11:41 am | Report abuse |
  5. TR Collins

    I think the most important question we should all be asking ourselves is,
    "What exactly is the purpose of government?" Anybody? Anybody?

    February 14, 2011 at 11:34 am | Report abuse |
  6. reelection fund

    The fantasy must be promulgated and disseminated at any cost for 2 more years.

    February 14, 2011 at 11:35 am | Report abuse |
  7. chucky

    The first step to balancing the budget is a simple one. END THE WAR!
    Google "list of countries by military expenditures" if you want to see something ridiculous.

    February 14, 2011 at 11:37 am | Report abuse |
  8. frozzen-toad

    How about just making our government smaller.How about stop giving our (WE THE PEOPLE'S) money to other country's like Egypt, Israel, Iraq and the rest of them. We don't needed to pay them to like us! You ether due or you don't. I served in the armed forces for 10 years over sea's and they smile at you but can't stand us! So forget them and let's take care us first Mr.President.

    February 14, 2011 at 11:38 am | Report abuse |
  9. MIKE

    Do any of you know why we pay unemployment? SO THAT THE MASSES DON'T REVOLT!

    February 14, 2011 at 11:39 am | Report abuse |
  10. al.cap

    here's an idea. let's get a list of all you dems who think you don't pay enough in taxes. you can then send me 25% of your income. you'll get you redistribution and i'll pay my bills.

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

      Here is another whiner complaining about "redistributing" the wealth. The wealthy have redistributed the wealth up to them for decades. The people simply want their wealth back.

      February 14, 2011 at 11:44 am | Report abuse |
    • al.cap

      then earn it back.

      February 14, 2011 at 11:45 am | Report abuse |
    • sameeker

      Hard to earn anything when all the jobs are being sent overseas by greedy corps. Repugs have a habit of blaming the poor for their situation, when they have no say in layoffs. You sound like an Amway salesman "If you want to be rich, you can" It is not that easy and I would be happy to explain it if you need help understanding.

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

    Obama's budget isn't fiction..it's a joke! He can't make any tough choices or be a leader in stopping the spending blitz! he acts as if he is a community orgaanizer with a nefver-ending supply of goodies to pass out...not surprising, since that is his only real past experience! It is time for Republicans to make steep cuts everywhere, eliminate some worthless cabinet departments and chop the abuse in Medicare and Medicaid! Thw dumbocrats won't like it because this is the way they buy their votes with giveaway programs. An earlier commentator mentioned that Reopublicans won't tax the rich...at least, the rich earned their wealth while this commentator sat on the dole or under-achieved. It is time to stop the bloat and regulations in the federal government now and quit paying the bills of the 47% of the populationwho don't want to work! If Congress can't get the job done, we can fire more of the spenders in 2012, including his highness!

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

      I agree. It's all the tax cheats and unemployed ruining it for everyone. If only we had the will to rule the impoverished with an iron fist.

      February 14, 2011 at 11:49 am | Report abuse |
  12. donald

    to all the idiots thinking the "Government" is printing money: A private central bank = The Fed, is printing money, and collecting interest on it. Why do we need a middle man to have our money? It is idiotic.

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

      Exactly! This is the best answer. Why do we need a middle man? We do not. The Nobel Laureate in economics, Milton Friedman, said about the central bank: “One unsolved economic problem of the day is how to get rid of the Federal Reserve”.

      February 14, 2011 at 12:09 pm | Report abuse |
  13. Reputards&Rome

    VOTE REPUBTARD AND ADVOCATE THE FALL OF THE USA!

    February 14, 2011 at 11:45 am | Report abuse |
  14. dave

    Why do they continue to look at program cuts vs employee cuts ... most corporations have been through this and the only way to get the bottom line in place is to layoff 15- 40% of its employees .... why should the govt be different???? foriegn govts are not cutting pay 10+% for all govt workers ... lets start there as we obviously have too many working in govt that are not efficient ...hence wasting our tax dollars!

    February 14, 2011 at 11:47 am | Report abuse |
  15. Bob Freebur

    This should be called an editorial, not a regular post.

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