Obama Budget 2011 Speech Video, Transcript 2-1-10

Obama Makes Remarks on the 2011 Budget

Here is the Obama 2011 budget speech video and transcript from Feb. 1, 2010. President Barack Obama announced the $3.83 trillion dollar fiscal year 2011 budget which has just been sent to Congress. It projects a 5.7 percent spending increase for the current budget year while forecasting an increase of spending amounting to an additional 3 percent in 2011.

Details after the jump.

In his remarks, the President said, in part, addressing the deficit: “Now, I think it’s very important to understand: We won’t be able to bring down this deficit overnight, given that the recovery is still taking hold and families across the country still need help. We will continue, for example, to do what it takes to create jobs. That’s reflected in my budget; it’s essential. The budget includes new tax cuts for people who invest in small businesses, tax credits for small businesses that hire new workers, investments that will create jobs repairing roads and bridges, and tax breaks for retrofitting homes to save energy.”

Notably the budget increases education spending by 6 percent which Obama said was to address “student achievement, inspire students to excel in math and science, and turn around failing schools which consign too many young people to a lesser future — because in the 21st century there is no better anti-poverty program than a world-class education.”

Here is the full Obama budget 2011 speech transcript text from Feb. 1, 2010.

For more background, including the discussion over the proposed NASA budget see:

YouTube Link

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Obama Budget 2011 Speech Video, Transcript 2-1-10

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