The President released his fiscal-year 2012 budget today -- an ambitious roadmap of his priorities with necessary investments in education, innovation, and infrastructure that will help America win the future.
His budget also takes responsibility for our deficit and puts the nation on a path to live within its means by shrinking non-security discretionary spending to the lowest level since the Eisenhower administration.
Overall, it reduces the deficit by $1.1 trillion over the next decade, fulfilling a key pledge President Obama made -- to cut the deficit he inherited in half by the end of his first term.
But the budget is also a vision to win the future. It provides funding for ambitious projects such as expanding a next-generation wireless broadband network to 98 percent of Americans, providing access to high-speed rail to 80 percent of Americans within 25 years, and training 100,000 new science and math teachers.
Jack Lew, director of the Office of Management and Budget, has put together a White House White Board to explain both the investments and the deficit reduction measures in the budget.