Page last updated at 19:07 GMT, Thursday, 26 February 2009

Responses to Obama's budget

Barack Obama

President Barack Obama has unveiled his $3.6tn (2.5tn) budget for 2010, aiming to pull the US out of financial crisis.

He has predicted the budget deficit for the current year will be $1.75tn, which is 12.3% of annual output and the biggest since World War II.

Here are some of the responses to his plans.

MITCH McCONNELL, SENATE REPUBLICAN LEADER

I have serious concerns with this budget, which demands hardworking American families and job creators turn over more of their hard-earned money to the government to pay for unprecedented spending increases.

MIKE PENCE, HOUSE REPUBLICAN LEADERSHIP

The American people deserve a budget that puts fiscal discipline and jobs first.

The budget offered by the Obama administration fails on both counts.

The American people know we cannot tax, spend and borrow our way back to a healthy economy.

PETER ORSZAG, OFFICE OF MANAGEMENT AND BUDGET

Under current policies and without any policy intervention, our estimates suggest that we would face $9tn in budget deficits over the next decade.

The first step in addressing this very deep fiscal hole is honesty.

This budget will not play the games that are typically played in which you assume that there will never again be a hurricane or disaster... that the cost of the war in Iraq and Afghanistan will magically disappear overnight.

All told, we are showing $2.7tn in costs in this budget that were excluded from previous budgets, and I think that's a mark of the honesty and responsibility contained in this document.

ROBERT BIXBY, CROSS-PARTY FISCAL WATCHDOG

He is relying on a strong economic comeback very quickly.

And he's assuming that a lot of the new issues will be paid for.

[The budget has] a lot of downside risk.

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