The President‘s Budget
Tue, 15 Feb 2011 4:43:02 CST
The President traveled to a school in Baltimore, Maryland, Monday to unveil what is being called “a Budget to Win the Future of Our kids.” The White House says this will be done by - out-innovating, out-educating, and out-building our global competitors and creating the jobs and industries of tomorrow. But, we cannot rebuild our economy and win the future if we pass on a mountain of debt on to our children and grandchildren.
The President called for a freeze on annual domestic spending over the next five years. This freeze would cut the deficit by more than 400-billion dollars over the next decade. He noted, - even as we cut waste and inefficiency, this budget freeze will require some tough choices. The President pledged to work with members of both parties - to take steps beyond this budget freeze because cutting annual domestic spending won’t be enough to meet our long-term fiscal challenges.
The President’s budget cuts 3.2-billion dollars from the discretionary funding accounts of the Department of Agriculture. The White House says, - savings are created by reducing direct payments to high-income farmers, refocusing USDA’s homeownership programs, and targeting USDA conservation programs; and combining and streamlining multiple forest restoration programs
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