Obama Unveils $4 Trillion Budget Plan

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WASHINGTON, D.C. — Dead on arrival.  That’s the reaction from some Republican lawmakers to President Obama’s $4 trillion budget plan.

The 10-year plan would add nearly $6 trillion to the nation’s debt.  The proposal also includes nearly $300 billion in tax relief for the middle class.  That adds up to a $600 average tax cut for 44 million households, all paid for by raising taxes on the rich.

“I know there are Republicans who disagree with my approach, and I’ve said this before: if they have other ideas for how we can keep America safe, grow our economy while helping middle class families feel a sense of economic security, I welcome their ideas,” said the President.

The plan would also change deep budget cuts known as sequestration, in an effort to increase spending on the military and national defense.