Obama's Austerity Budget

http://www.futureofcapitalism.com/2011/02/obama-austerity-budget

President Obama's austerity budget includes "$861.5 million for the Smithsonian Institution, an increase of $100 million over the Smithsonian's last appropriation, in fiscal year 2010," and, for the Commodity Futures Trading Commission, "an overall budget of $308 million for 2012, up from $168 million in 2010," the New York Times notices.

The Heritage Foundation notes that the Obama budget also increases federal education spending: "If the President's request is enacted, the agency's budget will have increased 57 percent in the past decade alone – after adjusting for inflation – from $49 billion in 2000 to $69.7 billion in 2008 and to $77.4 billion in 2012."

This is fiscal belt-tightening, Washington style.

by Ira Stoll  |  Feb 15, 2011 at 8:33 am Related Topics:  Capital Markets Regulation, Education, Non-Profits, President Obama receive the latest by email: subscribe to the free futureofcapitalism.com mailing list