Obama's Election-Year Budget Challenge
February 13, 2012
President Obama on Monday sent Congress a $3.8 trillion budget for the federal government that will fuel election-year battles over spending and taxes.
The White House claims the plan for fiscal 2013 would create jobs in the short term through billions in stimulus spending while dealing with the deficit down the road. But the GOP says the budget would simply deepen the nation's deficit crisis while burdening the economy with tax hikes.
Obama's proposal includes $350 billion in stimulus measures and $476 billion for transportation and infrastructure that would be partially paid for by savings from the end of the wars in Iraq and Afghanistan.