![](http://assets.thefiscaltimes.com/TFT2_20101228/App_Data/MediaFiles/2/E/E/{2EEFB0FA-8085-4071-A585-7A1CBB35F7D5}02142011_Obama_450w2.jpg?w=450&h=316&as=1)
![](http://assets.thefiscaltimes.com/TFT2_20101228/App_Data/MediaFiles/C/C/6/{CC69FE07-120B-4883-98FD-397F83121608}02142011_crystal_dollars_article_thumb.jpg?w=146&h=82&as=1)
Budget’s Timid Economic Growth Forecast
Forecasts for stronger economic growth underlying the Obama administration’s fiscal 2012 budget proposal are no more optimistic than other projections and may be too modest.
![](http://assets.thefiscaltimes.com/TFT2_20101228/App_Data/MediaFiles/8/B/A/{8BA6E231-4668-43B0-94E9-FDA4D08ED0D3}02142011_Budget_Coverage1_article_thumb.jpg?w=146&h=82&as=1)
Obama Budget Cautious on Debt Reduction
President Obama’s new budget calls for $3.73 trillion of spending in the coming year and projects a deficit this year of $1.6 trillion – the biggest spending shortfall as a percentage of the economy since the end of World War II.