Cut, spend & grow: Can Obama’s “have it all” budget work?

posted by
February 14, 2011
Christian Science Monitor    
Posted in News, PND News

"In his proposed 2012 budget, released Monday, President Obama is trying to have it all: * Increased spending in areas the president believes will spur economic growth ... * A five-year freeze in some discretionary spending, plus cuts to some programs (including defense) ... * Tax increases for the oil and gas industries and upper-income individuals .... Taken as a whole, the $3.7 trillion budget proposal would produce a $1.1 trillion deficit for fiscal 2012." [editor's note: Short answer -- NO! - SAT] (02/14/11)  


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