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Obama Budget Plan Includes $87 Billion in Military Cuts
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by News Editor
Wall Street Journal – The White House’s budget proposal for 2012 would shave $1.1 trillion off of the federal deficit over 10 years, mostly through spending cuts, a move White House officials believe would bring government spending into a healthier balance.
The cuts the administration will propose in its budget proposal Monday would hit a number of federal agencies and programs but fall short of some of the spending reductions congressional Republicans will try to push through the House of Representatives this week. They also don’t overhaul the major entitlement programs that are the biggest contributors to the nation’s long-term fiscal woes.
