President Obama says it's time to trim the fat!
Wednesday he laid out a plan to shave $4 trillion from the federal deficit over the course of 12 years.
President Obama address was partly in response to the Republican counter-budget proposal last week.
He said the final budget will affect all Americans in a profound way.
That's why he says he wants to cut a little here and there.
And make every American pay their fair share.
"Most Americans tend to dislike government spending in the abstract, but like the stuff that it buys," the President said.
President Barrack Obama says it is this mentality that has caused a major budget deficit.
Now the president is proposing $4 trillion in cuts over the next 12 years.
The Republican option would trim $4.5 trillion in ten years.
It would also cut nearly $6 trillion in spending.
The president says he wants to monitor domestic spending, find additional savings in the defense budget, further reduce health care spending and reducing spending in the tax code.
"In December I agreed to extend the tax cuts for the wealthiest Americans because that was the only way I could prevent a tax hike on middle class Americans," said President Obama. "We can not afford one trillion dollars worth of tax cuts for every millionaire and billionaire in our society we can't afford it."
"We don't have a revenue problem. We have a spending crisis. We need to start looking at where in the government we need to start cutting," said Michael Lordi of the Lehigh Valley Project 9/12 Tea Party Group.
Lehigh Valley Tea Party member Michael Lordi says the president's speech was more of a campaign speech and really didn't offer many specifics.
"You need to live below your means but above your needs," said Lordi. "And government isn't doing that."
"To meet our fiscal challenge we will need to make reforms. We will all need to make sacrifices," said Mr. Obama.
Republicans and Democrats will begin meeting about the budget in two weeks.
The president hopes the final budget will be approved in June.