...same as the old budget
Here's Obama's plan to reduce the deficit:
The president spelled out plans to offset spending by more than $1.2 trillion over 10 years, partly through a freeze on many domestic programs and by imposing more than $800 billion in higher taxes and fees on households earning more than $250,000, on banks that benefited from the financial industry bailout and by repealing tax breaks for the oil, gas and coal industries.There are some interesting quotes from various critics in that article.
