Feb 14, 2011 2:10 PM by Greg Boyce
WASHINGTON (AP) - Republicans are calling President Barack Obama's deficit cutting efforts too timid .
In his 2012 budget, Obama proposes trimming the deficits by $1.1 trillion over a decade, although his changes would actually add to the deficits this year and next. Obama is projecting the deficit will hit an all-time high of $1.65 trillion this year and then drop sharply to $1.1 trillion in 2012, with an expected improvement in the economy and as reductions in Social Security withholding and business taxes disappear.
The fiscal blueprint largely ignores his own deficit commission's recommendations to slash huge entitlement programs like Social Security and Medicare.
House Budget Committee Chairman Paul Ryan say the debt crisis is the economy's biggest challenge and Obama is "making it worse, not better." Senate Republican leader Mitch McConnell says Americans want "dramatic cuts." Some Democrats are joining the criticism.
Senate Budget Committee Chairman Kent Conrad wants a "much more robust package of deficit and debt reduction."