President Obama Unveiled the 2012 Budget
Yesterday, the White House released its proposed budget for fiscal year 2012. While Generations United is disappointed that it contains cuts to valuable programs such as $2.53 billion from home-heating aid to poor families and cuts community services block grants in half, there is much in the budget to applaud. The proposal includes a suggested $1.3 billion increase for the Child Care and Development Block Grant (CCDBG), a suggested $866 million increase for Head Start, and a suggested $350 million to create an Early Learning Challenge Fund. Generations United also applauds the President for including the restoration of the SNAP cuts in his budget proposal, and is committed to working with Congress to ensure that the SNAP restoration and education proposals are implemented.
The White House also put forward six principles for Social Security reform, none of which suggest benefit cuts of any kind. In fact, the Administration doesn't appear to embrace any recommendations for Social Security reform from The National Commission on Fiscal Responsibility and Reform. The Commission had called for a higher retirement age and a scaling back of benefits.
We encourage the White House to hold firm and protect Social Security for all generations.
The following are analyses of President's proposal:
Washington Post
Analysis: Obama budget plan reveals vastly diminished ambitions
Center on Budget and Policy Priorities
Statement: Robert Greenstein, Executive Director, on the President's Budget Proposal
Huffington Post
Plouffe: Obama Won't "Slash" Or "Reduce" Social Security Benefits
FRAC
President's FY 2012 Budget Proposal Includes Restoration of SNAP Cuts
The PEW Charitable Trusts
Pew: Congress Must Support Early Learning in Obama's Budget