President Obama’s fiscal year 2011 budget request is now online for your review. Get it here. As I wrote earlier this morning, the total cost of the budget is $3.8 trillion, which is an approximately $250 billion increase over last year’s budget, but also an almost 50% decrease in the rate of spending growth last year’s budget contained.
The budget proposal, as we all know, calls for a three-year non-security discretionary spending freeze, which is estimated to save the government $250 billion over three years. The biggest increase in the budget is for funding for the ongoing wars, including Obama’s new Afghanistan-Pakistan strategy. In addition to a 3.4% increase in overall Defense spending, 2011 and 2012 would see nearly $160 billion in war funding, which is three times more than Obama predicted in last year’s budget and only slightly less than what President Bush’s final budget spent on the wars.
More Here
The budget proposal, as we all know, calls for a three-year non-security discretionary spending freeze, which is estimated to save the government $250 billion over three years. The biggest increase in the budget is for funding for the ongoing wars, including Obama’s new Afghanistan-Pakistan strategy. In addition to a 3.4% increase in overall Defense spending, 2011 and 2012 would see nearly $160 billion in war funding, which is three times more than Obama predicted in last year’s budget and only slightly less than what President Bush’s final budget spent on the wars.
More Here
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