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Most Republicans have also shied away from calling for savings from so-called entitlement programs, but that's not stopped them from criticizing Obama's failure to do so. Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, has called for such reductions, but would not predict Monday whether they would be included in the 2012 spending plan his panel plans to write this spring. "The president punted on the budget, he punted on the deficit," Ryan told reporters. "That's not leadership, that's an abdication of leadership." Overall, Obama's budget claims $1.1 trillion in deficit reduction from tax increases and spending cuts over the next decade while protecting some
-- but not all -- programs that Democrats cherish. "We believe it strikes the right balance for the country going forward," said Maryland Rep. Chris Van Hollen, top Democrat on the House Budget Committee. Not all from Obama's party are happy. The head of the Congressional Black Caucus, Rep. Emanuel Cleaver, D-Mo., criticized proposed cuts in community development, while Senate Budget Committee Chairman Kent Conrad, D-N.D., said Obama had fallen short in reducing the deficit.
By 2021, Obama projects that $844 billion out of the $5.7 trillion federal budget would go toward paying interest on the government's debt. Such interest payments would exceed the size of the entire federal budget in 1983. Federal budgets often burrow into the minutest details of the bureaucracy, and Obama's was no exception. The State Department said it expected to save $5.3 million over the next three years by painting the roofs of its embassies and other offices in a heat-reflecting, energy-saving white color. And the U.S. Agency for International Development projected hundreds of thousands in savings by reducing the font size in its documents to reduce paper usage.
[Associated
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