2011Budget

Obama's $3.8 Trillion Budget: War and School Spending Up, Bush Tax Cuts Out

President Obama sent his $3.834 trillion budget proposal to Congress on Monday morning, complete with a record-breaking deficit; increased defense, education and entitlement spending; tax increases for wealthy families; and a three-year spending freeze on non-defense discretionary spending. Entitlement programs and interest payments on the existing $12.4 trillion national debt account for two-thirds, or $2.39 trillion, of the budget, with Medicare, Social Security and veterans' programs increasing at federally mandated levels. The rest of the budget is heavy on defense and homeland security ...

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