Obama Defends Budget: Not Going to Run Up the Credit Card Anymore

President Obama today defended his 2012 budget proposal amid criticism from Republicans that it does too little to rein in the burgeoning U.S. deficit and costly entitlement programs such as Medicare and Medicaid. "You cut back on what you can afford to focus on what you can't do without. And that's what we've done with this year's budget," the president said in his first news conference of the year. "What my budget does is to put forward some tough choices, some significant spending cuts,...Full Story
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