President Obama has unveiled a record $3.8 trillion budget that boosts money for war while cutting domestic spending.
President Obama: “I’ve proposed a freeze in government spending for three years. This won’t apply to the benefits folks get through Social Security, Medicaid or Medicare, and and it won’t apply to our national security, including benefits for veterans. But it will apply to all other discretionary government programs.”
Under Obama’s proposal, the Pentagon budget would grow over three percent in addition to separate funding for the wars in Iraq and Afghanistan for a total of over $741 billion. The new budget contains no major weapons cancellations as opposed to last year’s gutting of the F-22 fighter jet. Obama is also seeking a $7 billion increase in nuclear spending despite a pledge to cut the US arsenal and seek a nuclear weapons-free world. The Labor Department would see a 32 percent cut, most from declining unemployment benefits and stimulus spending.