Obama Says 2012 Budget Will ‘Walk the Walk’ on Deficit Reduction

President Barack Obama said the $3.7 trillion 2012 budget that he sent to Congress today would cut scores of government programs to provide more funding for top priorities such as improving the U.S. education system.

“The only way we can make these investments in the future is if our government starts living within our means," Obama said, outlining key parts of the budget, his third since taking office, while visiting a school near Baltimore.