President Barack Obama’s new budget, to be released Monday, forecasts two consecutive years of near $160 billion in war funding, far more than he hoped when elected and only modestly less than the last years of the Bush Administration.
In 2011 alone, the revised numbers are triple what the president included in his spending plan a year ago. And the strain shows itself in new deficit projections, already hobbled by lagging revenues due to the weak economy.
Obama has responded with a three-year domestic spending freeze impacting about $447 billion in annual appropriations. This leaves him less money to sustain the very rapid growth seen last year in clean water programs or the Great Lakes restoration initiative. The Environmental Protection Agency budget would be cut modestly, and to stretch his dollars, Obama wants to dramatically ramp up the Energy Department’s credit budget, a low-cost way to extend tens of billions in loan guarantees to the nuclear power industry.
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War spending surges in President Obama's budget - David Rogers - POLITICO.com
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