The president said his new spending proposals wouldn’t add a single dime to the deficit but, if so, he’d require significant offsets in the budget to pay for them.
Among Mr. Obama’s new spending proposals are a $50 billion “Fix it First” program to repair aging bridges; an unspecified long-term increase in spending on roads and rails and $15 billion for a “Project Rebuild” program to help communities hit hard by the housing crisis to rebuild.
The president also proposed $1 billion to create a network of 15 manufacturing institutes across the country.
And he proposed an unspecified amount to provide all low-and moderate-income children in the nation with high-quality preschool, while expanding such programs for middle-class children.
