WASHINGTON (AP) - Declaring an end to "mindless austerity," President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping budget cuts both parties agreed to four years ago when deficits were spiraling out of control.
Obama's proposed $74 billion in added spending - about 7 percent - would be split about evenly between defense programs and the domestic side of the budget. Although he's sought before to reverse the "sequester" ''spending cuts, Obama's pitch in this year's budget comes with the added oomph of an improving economy and big recent declines in federal deficits.
"If Congress rejects my plan and refuses to undo these arbitrary cuts, it will threaten our economy and our military," Obama warned in an op-ed article Thursday in The Huffington Post. He said the nation's debt still would decline as a share of the overall economy under his plan.