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February 14th, 2011
07:58 AM ET

White House Budget Director says Obama's budget is tough

President Obama is releasing his 2012 budget proposal Monday and Jacob Lew, White House Budget Director, gives American Morning's Kiran Chetry a preview. How will President Obama manage the country's budget and what cuts will be made?

Some critics are saying low-income Americans will hurt most from the new budget– find out what this means and if you will be affected.

Filed under: Economy • Politics
soundoff (5 Responses)
  1. Richard

    IF Social Security is such a big portion of the budget, why would anyone in Congress vote for a bill that DECREASED the amount of funding from 6.2% to 4.2%. That measure gave an employee an extra 2% in his/her paycheck and an extra 2% for employers and cost the government 4%. That doesn't make a lick of sense IF one is concern about the Social Security issue. I would love to see CNN reporters question these congressmen on this issue.

    February 15, 2011 at 8:55 am |
  2. joetote

    While the President is feeding us his line of garbage as to cutting spending, it came to my attention yesterday that the FED is considering a QE3 package as the 1.2 trillion dollars of worthless money they've already printed hasn't done what they though it would. All of the cuts in the world are not going to offset the hyper inflation and the costs that come with printing worthless money. M1 has grown 15.2% in less than 3 months and all of that is unbacked paper!

    February 14, 2011 at 1:46 pm |
  3. Nathan

    I am tired of hearing the rhetoric that implies the need for cuts in social security. I and many other working families have made great investments from our hard earned salaries to the program. We have sacrificed enough in the bailouts of banks and corporations. It is time to look somewhere else for the money. Perhaps, it is time the working folks learn to walk like an Egyptian.

    February 14, 2011 at 12:48 pm |
  4. timothee

    Cut Social Security and Medicare? I don't get it. We had no problem funding wars on two fronts over the past decade. Where did that money come from. Why are the elected officials who supposedly represent us in Washington always going after the easy target: the defenseless disabled and aged, the folks that don't have a lifetime of earning potential ahead of them, the people that believed in our system through a lifetime of paying their way in taxes, only to now discover that they no longer matter.
    Shame on you Washington bureaucrats!!! Every person in congress should be forced to care for the permanently disabled, the aged, those without health care and then they would understand that the rhetoric they bluster about on the 'pundit media shows' has real faces attached to them – they're not just a line tiem on the federal budget.

    February 14, 2011 at 11:34 am |
  5. Ralph Allen Beach

    Good for you!!!!....Give to the Banks and screw the American People! What an awesome President!

    February 14, 2011 at 8:15 am |