Obama To Submit His Budget To Congress On Monday

President Barack Obama is pressing for investments in infrastructure while relying on tax increases on the wealthy and corporations to claim progress on the federal deficit in his upcoming budget.

Obama's 2013 blueprint marks the start of an election-year budget battle over taxes and spending.

The plan is already getting chilly reviews from Republicans who say Obama isn't doing enough to tame the deficit and curb the growth of programs like Medicare.

Obama's budget includes stimulus-style initiatives, like increases for highways, school modernization, and a new tax credit for businesses that add jobs.

The budget also calls for a "Buffett Rule" -- named after billionaire Warren Buffett. It would guarantee that households making more than $1 million a year pay at least 30 percent of their income in taxes.

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  • by James Tiberius Kirk Location: Star Base 2 on Feb 12, 2012 at 11:18 PM
    His first budget in 3 1/2 years. Why now? Simple he knew the republicans were going to point out he never submitted a budget so now he has. He never submitted one so he could spend and spend and not be held to one. He has failed at every turn, in his own words 4 years ago "If the country is not better in 4 years I should not be re elected". Nuff said.
    • reply
      by Anonymous on Feb 13, 2012 at 03:20 AM in reply to James Tiberius Kirk
      The GOP will reject it any way.....wanna bet $10,000.00?
  • by Data Man on Feb 12, 2012 at 06:06 PM
    Lets support Him! Please!
    • reply
      by voter on Feb 12, 2012 at 10:44 PM in reply to Data Man
      my responses to you, barlow, and lavon never seem to get posted.
  • by Kevin on Feb 12, 2012 at 05:40 PM
    For so long the rich have been getting away with paying less taxes. Now that there's a person that calls them out on it,they're crying. The country is going down and they don't want to pay there fair share. We tried it the old American way for years and did it get us...No where. Bridges,roads,and schools are broken. As Americans how long are we going to sit here and let the fat cats who claim that they are creating jobs suck thus country dry. Please don't be fooled by their slick ways. Really pay attention. If we go down the path of giving tax cuts to the rich,the continued unfair way that pay taxes...We Are Doomed.
    • reply
      by Bobby on Feb 13, 2012 at 02:45 AM in reply to Kevin
      What exactly is your definition of rich? What exactly is fair share? We don't need to do anything until everyone pays to play. This so-called class warfare game people want to play does nothing but promote envy and hatred.
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      by Anonymous on Feb 13, 2012 at 02:59 AM in reply to Kevin
      50% of Americans don't pay any Federal Income tax. Who is not paying their fair share? The rich do pay a lot of money for government programs and for peoples tax returns every year.
      • reply
        by Here we go again..... on Feb 13, 2012 at 03:17 AM in reply to
        23.3 percent are either young people or destitute people, 10.2 percent are the elderly, 4.5 percent receive tax breaks that benefit the wealthy more than the poor and middle class, 8.4 percent are (for the most part) working class people and people with kids that are trying to improve their lot in life.
    • reply
      by Eyes Wide Open on Feb 13, 2012 at 10:58 AM in reply to Kevin
      The only people sucking this country dry are the liberals who have been elected to office. People who have absolutely NOTHING to offer in the real world and who are too lazy to work for a living always make one of two choices. They get elected to office on the Democrat ticket as a liberal who cares about the little man, or they just work the broken system and draw a government check forever. For the liberals of this country the government, via the Democrat party, is nothing more than a vechile for them to become rich. The top 1% paid 38% of all federal income tax in 2010, and about 47% of all working people did not pay one penny in federal income tax, so what exactly is a fair share to the rich and a fair share to everyone else. I thought Obama was all about an even playing field and where everyone played by the same rules and everyone was given a fair shot. We already have a progressive tax code. How much more money does the federal government need?
  • by Harry K on Feb 12, 2012 at 05:31 PM
    476 billion for roads and bridges. It's about friggin time. 1000's of bridges have been deemed unsafe for quite some time now. 2 years worth of middle east war spending is enough to fund a 6 year program here at home that will actually benefit us. Wow. Who would've thunk it?
    • reply
      by Eyes Wide Open on Feb 13, 2012 at 11:02 AM in reply to Harry K
      Where is the money from the highway fund that comes from the gas tax? Is that just another fund that has been robbed blind like social security? Maybe that fund is empty because it takes 3 times the number of DOT workers to complete a job as independent contractor workers. It also takes the DOT twice as long and the retired DOT workers are still drawing a salary from tax payer money.
  • by Russ Location: Henderson on Feb 12, 2012 at 05:21 PM
    About three years late aren't you there slim?
  • by Desperation of the GOP on Feb 12, 2012 at 05:20 PM
    72% of Americans favor Obama in taxing the wealthy more! Still, Reps always preach lower taxes. 9 of the last 10 recessions and 7 of the last 8 negative yrs in the DJIA fell under Rep Presidents. Look it up! Are lower taxes good.....or to buy votes and donations? 'Vote for us, we'll lower your taxes.....of course, you may lose your job, your 401k, and the equity in your home, though'.
  • by me Location: Bayboro on Feb 12, 2012 at 05:19 PM
    His resignation would be appreciated more than anything. Go somewhere and give away your own money like you have ours and please don't come back.
  • by Wanda on Feb 12, 2012 at 05:18 PM
    The way i see it, no matter who is in office its up to congress not the president so why blame the president? heck bush screwed us all for a very long time.
    • reply
      by Anonymous on Feb 12, 2012 at 06:11 PM in reply to Wanda
      The Democrats controlled Congress during Bushes last two years in office, exactly when much the debt was accrude during his tenure as president.
      • reply
        by Anonymous on Feb 13, 2012 at 03:18 AM in reply to
        What???? Are you serious? What planet did you just fly in from?
        • reply
          by Eyes Wide Open on Feb 13, 2012 at 11:15 AM in reply to
          $1.95 Trillion on the $4.7 Trillion increase to the national debt under Bush came in the last 2 years with a Democrat controlled House and Senate. That is over 40% of the increase in debt in just the last 2 of his 8 years.
  • by GOP Strip Workers Of Pay Protections on Feb 12, 2012 at 04:55 PM
    WASHINGTON -- A little-noted provision in the House Republicans' controversial energy and transportation bill would strip several thousand workers within the rail-industry of their federal minimum-wage and overtime protections, potentially making low-wage jobs pay even less. http://www.huffingtonpost.com/2012/02/12/house-transportation-bill-rail-drivers_n_1271644.html
    • reply
      by Barlow on Feb 12, 2012 at 05:37 PM in reply to GOP Strip Workers Of Pay Protections
      That is SOP for the GOP. They are trying to take down unions across this country. Without unions there would be no weekends, no overtime, no holidays, no child labor laws, and on, and on. Without unions this will be a "work for nothing" country like China and Vietnam. There will be the owners and peons with nothing in between. The Banana Republic of America.
      • reply
        by Eyes Wide Open on Feb 13, 2012 at 11:19 AM in reply to Barlow
        A "work for nothing" country??? Isn't that what Obama wants anyway, socialism??? The unions in this country have been holding us hostage for too long, demanding outragous pensions and salaries. There was a time when the union was needed in this country but they have out lived their usefulness.
  • by Anonymous on Feb 12, 2012 at 01:18 PM
    I truly must wonder why Democrats and Republicans cannot work together. Republicans should get their budget cuts, when the Democrats get their tax-increases on the extremely wealthy. If you want to give rich people tax-breaks, give them incentives by employment. For every full-time employee the hire, give them a percentage in tax-breaks. There is compromise all around and both parties are just foaming at the mouth to do anything but work together, and this is why our nation will fail. Resentment just gets worse with no solution and the desire to win trumps the desire to serve the people and the average American no longer as anybody to represent his voice. Wars, violence, unneeded spending, lack of education, these are only hurting our nation. If we don't start getting better educated we will be left behind, and that is a fact.
    • reply
      by T Maxx on Feb 12, 2012 at 04:50 PM in reply to
      You hit the nail right on the head brother. I no mention of balancing the budget, just rise taxes on the rich at least 30% but will that be enough Obama.Its all smoke and mirrors. As i recall he rich pay at least 68% of the GDP already and 50% of population pay nothing. We need jobs and less government restriction and red tape. The solution is putting people back to work and providing a good education to be apart of the work force. I hope this guy is one and done, but if not I will prepare for the worst and stock up on beans. bullets and water,as the old saying goes you aint seen nothing yet if he is re-elected. Anonymous I totally agree with you.as always great insight.
      • reply
        by Denial on Feb 12, 2012 at 05:38 PM in reply to T Maxx
        I've always wondered where these conservative folks were in the eight years prior to Obama... seems like it was only in the last three or so years that anyone of that ilk gave a darn about the deficit and spending in general. Then all of a sudden a Dem is in the house, and a black one at that! and wadda you know? The deficit is a huge problem and all of a sudden people are angry about the government and socialism and whatever they can come up with. It's almost as if the real problem was the letter beside the president's name...But hey, if Palin was president right now and running the exact same numbers and style of government, I'm sure the Tea Party would exist and the same people would be complaining about the same things. Most definitely, of this I'm certain.
        • reply
          by Eyes Wide Open on Feb 13, 2012 at 11:24 AM in reply to Denial
          The reason we are screaming about the deficit being a huge problem now is because IT IS A HUGE PROBLEM NOW!!!! Bush average a deficit of $492 Billion per year during his first 6 years (and this was BAD), but Obama has averaged a $1.5 TRILLION deficit during his first 3 years with not signs of pulling back. Do you now see why the big problem with Bush's deficit is now a HUGE problem with Obama's deficit?
    • reply
      by Anonymous on Feb 12, 2012 at 04:52 PM in reply to
      Oh my goodness. A sensible approach. Well said.
    • reply
      by Russ on Feb 12, 2012 at 05:20 PM in reply to
      How about the government make some serious budget cuts before increasing taxes on anybody. Why would you want to give those idiots anymore money to throw away.
      • reply
        by Anonymous on Feb 12, 2012 at 06:54 PM in reply to Russ
        Part of the problem with budget cuts is that they're probably going to raise unemployment, which isn't' going to help in the current economy.
        • reply
          by Eyes Wide Open on Feb 13, 2012 at 11:26 AM in reply to
          If Obama could tax the rich at 75% he would want 90%. Let's see how you support Obama when the rich throw their hands up and tell the government no more, and they move to another country along with their businesses.
    • reply
      by Geeszzz on Feb 12, 2012 at 05:22 PM in reply to
      Well, if it doesn't include 20 trillion in tax cuts for the rich and another 30 trillion in handouts to banks and corporations, conservatives will never agree to it. FEED THE RICH, it's pretty much all the GOP has to say other than, "It's Obama's fault." Keep the message simple, for the simple minded.
    • reply
      by Mad as Hello on Feb 12, 2012 at 05:41 PM in reply to
      It's not spend, spend, spend, it is invest, invest, invest. And all the people that will get jobs from this are very grateful. Just all the super rich who worry about not being able to buy their 5th home in the Bahamas because they will have to pay more of a fair tax rate that complain. And if you are on this forum complaining and you don't make at least a million a year, then the Republicans have you brain washed, because his budget is designed to help all us non-super rich.
      • reply
        by Eyes Wide Open on Feb 13, 2012 at 11:32 AM in reply to Mad as Hello
        Yeah! Invest, invest, invest. Invest in more government jobs. Only problem is that government employees are paid with tax payer money, and guess what, that money comes from private sector employees. Do you really think that we can afford to have more public sector employees, retirees, and lazy people drawing government checks than private sector employees??
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