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PDFFrom ThinkProgress:
Economists estimated in 2011 that the United States needed $2 trillion in immediate investments just to bring its infrastructure up to date, and with borrowing costs low and the nation’s unemployment rate still high, such investments would allow the country to fix its crumbling roads and bridges while also putting unemployed Americans back to work. President Obama is attempting to take advantage of that opportunity by releasing a budget that takes billions of dollars in war savings and pours them into infrastructure investments and job creation programs.
Obama laid out his budget proposal, which includes the Buffett Rule to raise taxes on millionaires and aims to cut the deficit by $4 trillion over the next decade, today in Virginia. The budget includes billions in spending on infrastructure programs, worker training, and higher education investment, all in attempts to create jobs and bolster the nation’s economic recovery.
See also:
- Budget of the United States Government, Fiscal Year 2013 contains the Budget Message of the President, information on the President’s priorities, budget overviews organized by agency, and summary tables. (256 pages, 4.6 MB)
- How Obama’s budget plan affects each ageny
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