President Barack Obama unveiled his latest budget today, providing fodder for both right and left. The plan includes $1.1 trillion in spending cuts as well as increases in taxes. But there is some investment in areas such as science and transportation.
Some highlights (or lowlights, depending on your point of view):
* Cuts would spell doom for working poor, middle class, according to Huffington Post.
* The GOP came out swinging. House Majority Leader Eric Cantor (R-Va): "We need a government that finally does what every other American has to do in their households and their businesses, and that’s to live within our means,” Cantor said in a statement. “Instead, President Obama’s budget doubles down on the bad habits of the past four years by calling for more taxes, spending and borrowing of money that we simply do not have.” More on the GOP quick to bash budget over on Politico.
* In a move that is sure to anger Democrats from cold-weather states, CNN points out. the administration will propose cutting $2.5 billion from a program that helps low-income people pay their energy bills during periods of extreme weather. Also,Pell Grants are in trouble. On the other side of the aisle, Pentagon cuts will be a tough sell.
* It's not all gloom and doom, as CNN spells out the areas where Obama's plan invests in areas such as energy, transportation, broadband Internet access and jobs.