WASHINGTON (AP) — Confronting bipartisan criticism, President Barack Obama conceded Saturday his proposed budget is not his “ideal plan” but said it offers “tough reforms” to the nation’s benefit programs while closing loopholes for the wealthy, a mix that he argued will provide long-term deficit reduction without harming the economy.In his first comments about a budget he is to release Wednesday, Obama said he intends to reduce deficits while at the same time providing new spending for public works projects, early education and job training.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=90376