Obama Talks 2012 Budget Cuts, Investments

President Obama spoke about the federal budget at a technology school outside of Baltimore. Chip Reid reports on some of the president's plans for budget cuts and proposed investments.

Category:

News & Politics

Tags:

• cbsepisode
• federal
• budget
• deficit
• republicans
• democrats
• obama
• president
• tea
• party
• house
• cuts
• cbs

[jblcva]

Today marks the 800th day since the Senate Democrats passed a budget. For more than two years, democrats have ignored their legal obligation to pass a budget, while we've seen federal spending spiral out of control. Considering democrats have controlled the White House and the Senate for more than two years, with total democrat control between 2008 and 2010 in the House, Senate and White House, the failure lies with President Obama and democrat congressional leadership.

[jblcva]

but democrats do own the economy. The lack of a budget is directly tied to the debt crisis, out of control government spending,stagnant economic growth and debilitating unemployment in America

[democratsaresmart]

I CANT BELIEVE IT. REAGAN OPENED BORDERS TO SOVIET UNION, NOW RUSSIA IS BECOMING CAPITALISTIC COUNTRY AND RUSSIAN BILLIONAIRE JUST BOUGHT JERSEY NETS TEAM ? WTF? AND THEY STILL DIDNT CHANGE REAGAN AIRPORT TO VALUABLE NAME LIKE ( PATRIOTIC OR FREEDOM, OR DEMOCRACY), WHY PIC A NAME AFTER A DUDE WHO CREATED A COMPETITION FOR USA? OH I FORGOT EVERYBODY IS WATCHING THE GAME ON A COUCH AND EATING CHEAPS, NO TIME TO DISCUSS POLITICS? SORRY GUYS, KEEP WATCHING UR GAME JERSEY NETS OWNED BY RUSSIANS

[reel1840]

all the way through but sound a nice portion of presentation.charles f williamson.

[MrJpfolland]

I have a good way to help America’s revenue shortage. You and I have to pay tax on anything that I buy. I think there should be a Federal tax placed on EVERY stock trade that is made - What do you think?

[barbarianopinion]

Actually, the solution would be to cut agency budgets across the board. I've consulted to such agencies for nearly 30 years, and they all build 10 to 15% discretionary into their budgets. They've been doing that for 50 years until they've padded budgets to an enormous degree. We could cut agencies across the board by 10%, which would give us a balanced budget, and the so-called managers could actually manage around some expense reductions...just like business owners learn to do.

[SweetFire96]

@Cedrclovesutube PROP 19 YEs We Must! 

[SweetFire96]

Would a certain plant bail us out? Oeh that does'nt sound "wallstreet" enough.

[Cedrclovesutube]

a political Mirical huh

[lejanson]

unfortunately, the country is dead broke... :( We are living through debts...