WASHINGTON — President Obama on Monday unveiled his $3.7 trillion budget plan for 2012 at a middle school in Baltimore, saying his proposals are designed "so that every American is equipped to compete with any worker anywhere in the world." Read more at USA Today...
- House Speaker John Boehner, R-Ohio, said in a statement Monday that Obama's budget proposal will "destroy jobs by spending too much, taxing too much and borrowing too much. ∴ The president's budget isn't winning the future, it's spending the future,"he said. Boehner cited a group of 150 American economists who signed a statement sent to the White House on Sunday that said spending needed to be cut to help create a better environment for job creation. ∴ That's why the new House majority will vote this week to cut $100 billion in discretionary spending over the next seven months – with more cuts to come – in contrast to the Obama administration, which has proposed no cuts to the current fiscal year's budget while simultaneously asking for an increase in the national debt limit,"
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