Obamas Budget Battle

Tuesday, February 15, 2011 - 10:06am

President Obama proposes $3.7 trillion budget for 2012.

President Obama has released his 2012 budget.

Republicans pounced on it as an irresponsible response to the nation's financial crisis, questioning the president's math and his priorities.

During a visit to a middle school in Baltimore President Obama fired the first shot in the battle over budget cuts.

"We can't sacrifice our future in the process," he said. "Even as we cut out things that we can afford to do without, we have a responsibility to invest in those areas that will have the biggest impact in our future."

The president wants to invest in education and other area like research, nuclear power plants and electric cars.

Republicans say America just can't afford it.

"It's a plan that says fulfilling the presidents vision of a future of trains and windmills is more important than a balanced checkbook," complained Senate Minority Leader Mitch McConnell.

The president's plan cuts a trillion dollars from the deficit over ten years.

It includes cuts in defense, community block grants and home heating assistance programs.

Republicans ridicule the plan as timid.

"It would be better doing nothing than if we would actually pass this budget," said House Budget Committee Chairman Paul Ryan.

House Republicans are working on their own budget plan, which they plan to unveil this spring.

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