Well as susan yoder, the eighth grade science teacher who we just visited with in her classroom. over the last few weeks, i ve traveled the country talking about what we need do to win the future. talked about the need to invest in innovation so the next big idea is discovered here in the united states of america. we talked about the need to invest in high speed rail and high speed internet so companies can move goods and information faster than ever and this week i ll talk about the need to invest in education in places like parkville so every american is equipped to compete with any worker anywhere in the world. these investments are an essential part of the budget my administration is sending to congress because i m convinced if we outbuild, outinnovate and outeducate as well as outhustle
Critics say we are not attacking the budget problem as we should. i m waiting for the politician to get up and say there s only one way to do this. you dig into the big four, medicare, medicaid, social security and defense, and anybody giving you anything different than that, you want to walk out the door, stick your finger down your throat and give them the green wienie. okay! so if we were to follow allen simpson s advice, that s a lot of green wienies to dole out, that s just the first step in a convoluted process. 24 committees have to join in, and the countless hearings and the floor votes in the house and the senate. the plan is to have a formal federal budget in place by october 1st, the start of the 2012 fiscal year. that was the plan for last year, and congress never passed a budget for fiscal year 2011.
Marvin gaye and let s go. well, you heard the president, probably about ten minutes ago, plenty of cuts to the budget. one that s drawing criticism, cuts tore moment heating assistance for older americans. mark preston is talking about it in washington. what do you think? a lot of criticism about the president s budget, early criticism from republicans saying he is not cutling enough. he is not only catching criticism from the right, he s catching it from the left. let s take a look at one of the really prominent progressive groups had to say about the president s budget. ever cut to programs like medicare, education and heating for low income seniors needs to be judged in the context of the unnecessary tax cuts for wall street millionaire natures that past at the end of lat year. they are saying, you agreed to the extension of the bush era tax cuts and now you want to cut
Office. he s already dealing, of course, with a republican majority in the house, so there s going to be plenty of political friction for him to get the budget cuts that he wants in big weapons spending programs. let me tell you how sensitive is all of this around here right now? the idea right now today is that the only message they want to put out is about the budget. we just got an e-mail from the press secretary here at the pentagon saying when the secretary of defense comes out at 2:00 for a press conference, we are only allowed to ask about the budget, and we can t talk about any other topic. don t ask him about egypt. we will see at 2:00 what the press corps decides to ask the press secretary. can i ask you about military health care? this is something we talk about on the program a lot, and how it could be impacted, barbara.
I have pledged to veto any bill that contains earmarks. still, even as we cut waste and inefficiency, this budget will require some tough choices. it will mean cutting things that i care deeply about. for example, community action programs in low income neighborhoods and towns, and community development block grants that so many of our cities and states rely on. but, if we re going to walk the walk when it comes to fiscal discipline, these kinds of cuts will be necessary. i m also looking forward to working with members of both parties to take steps beyond this budget freeze because cutting annual domestic spending won t be enough to meet our long-term fiscal challenges. as the bipartisanship fiscal commission concluded, the only way to truly tackle our deficit is to cut excessive spending