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. Starman

    People THINK. Obamas budget is designed like that on purpose to finally challenge Republicans who are going to have to give up their massive spending habits. Republicans already did not give up the corporate welfare tax's. They are going to have to agree on reducing 850 bil a year to military... they have no choice now.

    February 14, 2011 at 12:01 pm | Report abuse |
    • Jeff S

      Actual military budget (though actual spending is higher) is around $700B. If we cut that in half, we'd still be spending more than China, UK, France, Russian Federation, and Germany combined.

      February 14, 2011 at 12:08 pm | Report abuse |
  2. Alan

    Extremely disappointing......here is another opportunity for the president to lead and he plays games.....too chicken to tell the truth about the deficit and too timid to make any real changes to the big three..medicaid, SS, defense. Time for another election...

    February 14, 2011 at 12:04 pm | Report abuse |
  3. DYBO

    If every man, woman and child would pay the $50,000 they owe to balance the budget there wouldn't be a problem.

    February 14, 2011 at 12:04 pm | Report abuse |
  4. Jeff S

    To the comments about Obama saying the stimulus would bring unemployment under 8%, and that he said the troops would be out of Iraq in 6 months:
    1) President Obama is not Merlin
    2) Thinking Americans appreciate when our leaders adjust based on changing situations instead of "plow forward with the same course, no matter how much it harms us."
    3) Remember when Bush said his $700B bailout of the banks was large enough to keep us from slipping into a prolonged recession? Remember when we were going to Iraq because of their ties to alQueda? Remember when we were going to find WMD?

    Its right to criticize the government, but you lose all credibility when you criticize one party for doing exactly what the other party (whom you love/d when they were in power) did.

    February 14, 2011 at 12:05 pm | Report abuse |
    • Rondo

      Since you will not fault him, what about voting for tax breaks for the wealthy? Is that too a good idea? He said he wouldn't do it. If it is a good idea, then thank Bush.

      February 14, 2011 at 12:09 pm | Report abuse |
  5. citizen

    Never mind. I forgot.
    Keep your friends close and your enemies closer.

    February 14, 2011 at 12:07 pm | Report abuse |
  6. Ed

    Sounds like there are a lot of very misinformed right wingers here.

    Bush is responsible for 7.8 million jobs lost, Obama for just 5k, and he has added private sector jobs for 13 months straight.
    More jobs in 8 months then Bush did in 8 years.

    The stimulus package which cost 787 million, not a trillion, included 9 tax cuts for small business and the largest middle class tax cut in US history. It created or saved 3.4 million jobs.

    Stop watching Fox and you will know something.

    February 14, 2011 at 12:07 pm | Report abuse |
    • Rondo

      Created or saved? Thats an unprovable fairy tale that the lefties buy into. Can anyone talk about Obama at all without bringing up Bush to try to deflect? I doubt it.

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

      I guess this is why the true unemployment rate under Obama went from 12% to 23%. Let's get the fact straight. Saying that the libs only cost us 5,000 jobs is ridiculous. Tell that to the millions of people unemployeed or underempolyed today that had good jobs under Bush.

      February 14, 2011 at 12:22 pm | Report abuse |
    • FU9L

      exsquuze me that would have been clinton not bush it was the free trade agreement that sent those jobs over seas and the unfair way he handled it by letting countries like china import over a billion dollars worth of stuff while only 8 million of goods going back out to china lets get real the only thing bush did was sit with his thumb up his a^^ and do nohting but watch bush was nothing more than a do nothing president

      February 14, 2011 at 12:39 pm | Report abuse |
  7. Ed

    Bush didn't include two wars on his budgets, he hid the true cost through appropriations.

    February 14, 2011 at 12:07 pm | Report abuse |
  8. thies

    still waiting for republicans to do more than run their mouths

    and waiting...

    and waiting.

    February 14, 2011 at 12:09 pm | Report abuse |
    • Rondo

      And I'm still waiting for Obama's 8% unemployment.

      February 14, 2011 at 12:13 pm | Report abuse |
    • Paqrat137

      Hey Rondo – have patience and believe in America instead. It will come, but it takes time. Republicans are too busy bashing this country, with a constant message of negativism to get re-elected or drive out the President as their major goals. When eventually maybe hopefully the electorate will see through their noise and see that we are making progress...and have patience to see it through.

      February 14, 2011 at 12:23 pm | Report abuse |
  9. Dave D

    Yawn.....same boring left vs right spout off....while the government continues on as they please.

    MIS-DI-REC-TION!!!

    February 14, 2011 at 12:09 pm | Report abuse |
  10. HouseSpeakerJohnBoehner

    Hey guys, it's so beautiful watching the American classes squirm under us overly rich republicans and teabaggers.

    I think I'm gonna cry...

    February 14, 2011 at 12:13 pm | Report abuse |
  11. STOP SPENDING

    The president wants to turn this country into his beloved Kenya, pretty soon we will be living in straw huts and eating mud.

    February 14, 2011 at 12:13 pm | Report abuse |
    • ted

      HITTING THE NAIL ON THE HEAD WITH THAT ONE !!!!

      VERY SMALL EXAMPLE
      LOST MY JOB IN 2008 DID EVERYTHING TO GET BACK ON TRACK ,GOT ANOTHER JOB AT HALF THE $
      THE ONLY THING THAT WORKED WAS TO CUT OUR SPENDING AS MUCH AS WE COULD
      WE ARE NOW DOING MUCH BETTER !

      February 14, 2011 at 12:32 pm | Report abuse |
  12. scieng

    Jobs are created when private industry thinks it is worthwhile. Higher taxes, higher fees, higher regulatory costs, higher energy costs, forced healthcare cost increases, and eliminating bank loans to small businesses don't get the jobs created. This is how the rich liberals keep creating poverty. We need change.

    February 14, 2011 at 12:13 pm | Report abuse |
  13. tidho

    The Government, no matter which party, can't create jobs. All they do is redistribute wealth. Given their debt, the redistribution is not sustainable.

    Good government creates platforms for private sector development. For two long our government has chosen to villify private industry. In all those places around the world that are 'stealing' our jobs, the Governments are doing there's. Our government hasn't figured that out yet.

    February 14, 2011 at 12:15 pm | Report abuse |
  14. STOP SPENDING

    Socialists have a special kind of mental disease where they not only fail to learn lessons but they only go bigger on their next attempt. Every time they fail, just just go for a bigger program next time. Nothing else changes, save for maybe adding more bureaucrats and red tape, just more money and a wider scope. Naturally this leads to a bigger failure which then provokes a bigger plan, etc. They are also incapable of understanding budgets, debt and taxes. We can see this because its always bigger social spending budgets that lead to bigger social programs and ever growing debt to feed them. As for taxes, they don't understand those because most wiggle out of paying them. Remember all the tax cheats Obama appointed? and those were only the ones who got caught and couldn't bribe or threaten their way out of trouble.

    February 14, 2011 at 12:17 pm | Report abuse |
  15. Paqrat137

    I suggest reading yesterday's Thomas Friedman column in the NY Times. This country seems to look for short term fixes that assure that a politician is re-elected, or a bill is past, but does not address the future as to what that will affect. We are living with "popular" economic decisions, and they are causing the problems.

    And, I am tired of hearing the Republicans just saying "no". Show us, the American People what you are planning on cutting or adding to, in the long term interest of our country and then go ahead. Just telling us that there may be a problem, or is a problem, present us with your SOLUTIONS!

    February 14, 2011 at 12:19 pm | Report abuse |
    • Gunner

      well...perhaps you've not been listening or maybe only reading the Huff. Post because they've BEEN talking about their solutions loud and clear since November.

      February 14, 2011 at 12:34 pm | Report abuse |
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