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Tuesday, February 24, 2009

Obama says all will have to sacrifice with budget

WASHINGTON (AP) — President Barack Obama says his budget will not solve every problem, and Democrats and Republicans will have to make some sacrifices.

In excerpts of his speech to Congress on Tuesday, Obama said he will submit a budget this week that he sees as a vision for America and a blueprint for the future.

He says the budget will reflect the harsh reality of the worst economic crisis since the Great Depression, one that he inherited from his predecessor, Republican George W. Bush.

Faced with recession and a trillion-dollar deficit, members of both parties will have to sacrifice some worthy priority. He included himself in that group.

In a rebuke to Republican critics, Obama said he rejects the view that the nation's problems will take care of themselves, that government has no role in pursuing a common prosperity.

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