The California Institute for Federal Policy Research has prepared a summary report with some of the implications of the President’s 2011 Budget Proposal that is available by clicking here.
On Monday, February 1, 2010, President Barack Obama released the Administration’s Budget Proposal for Fiscal Year 2011, which begins October 1, 2010.
The Budget proposes FY 2011 spending of $3.834 trillion, with discretionary spending of $1.415 trillion. The President has proposed freezing discretionary spending for three years, with the exception of spending for the military, homeland security, the State Department and Veterans Affairs.
The budget documents outline the Administration’s recommendations for discretionary and mandatory spending, as well as its revenue proposals. Developing a reliable analysis of any budget is difficult. (Source: California Institute for Federal Policy Research)