The President’s FY2011 budget request calls for significant increases in education spending and, as promised, the Department of Education is exempt from Obama’s so-called spending freeze. At a briefing today at the Department of Education, words such as “historic” and “bold” were used to describe the President’s budget. Secretary Duncan stated that the FY2011 budget represents “one of the largest increases” in education spending, which the president “sees as the key to our economic future”. But is more spending on education the key to economic prosperity? For that matter, is …
President Obama released his fiscal year 2011 budget this morning; his budget provides $28.4 billion for the Department of Energy (DOE) and $10 billion for Environmental Protection Agency (EPA). Both sections in the budget reflect the president’s message in the State of the Union address delivered last week: a government attempt to facilitate America’s transition to a clean energy economy. Highlights of the DOE budget include: $36 billion for Nuclear Loan Guarantees: Many are writing that nuclear is one of the big winners this year because of the $36 billion …
While the federal government already spends as least $25 billion on the existing 69 preschool and child care programs, the Obama administration is calling for #70—proposing $9.3 billion for a new “Early Learning Challenge Grant”. As we wrote last year, the Early Learning Challenge Grant fund would push states to spend more on preschool programs, when evidence is mounting that preschool programs aren’t delivering the benefits their proponents promise.
The Obama Administration has been quick to point out that it has exempted the defense budget from its proposed freeze on other elements of discretionary spending in its budget. While the Administration has announced in the budget that it is requesting a $33 billion supplemental appropriation for defense in the current fiscal year and is providing modest real growth in the overall defense budget in fiscal 2011 over its new fiscal 2010 baseline, the five-year defense budget is well below “freeze” levels. This is because it proposes to reduce the …
From the creator of Obama Budget Cuts Visualization and The National Debt Road Trip, now comes, What Does The Federal Budget Freeze Look Like? For common sense conservative solutions to our nation’s budget deficits, see:
The President will release his budget next week, kicking off weeks of hearings and discussions about funding our nation’s priorities. However, the real news will once again be what is happening behind closed doors. Private discussions will continue on yet another stimulus and liberals must try to find a way to move Obamacare, perhaps through the politically poisonous reconciliation process. Even after the President’s State of the Union address, many questions remain.
Interest. Or to be more precise, interest payments. That, Heritage Senior Fellow J.D. Foster explains, is the biggest reason why Americans should be very concerned with the trillions of dollars in debt our federal government is piling up in Washington. Watch: And the situation is only going to get worse under President Barack Obama’s budget. Heritage Foundation fellow Brian Riedl reports:
