Tagged: Budget Debate

Republican presidential hopefuls have had a field day attacking President Obama for the federal government's trillion-dollar deficits and promising things will be different when the GOP is in charge.

But while the candidates talk a good game about stemming the tide of red ink, the Committee for a Responsible Federal Budget says their proposals don't necessarily add up.

The 2013 budget proposed by President Obama includes many cuts made to conform with new spending limits. But several arts and cultural institutions saw their allotment rise by about 5 percent in the proposed plan. The proposed spending of $1.576 billion — in a budget of $3.8 trillion — includes some good news for the Smithsonian Institution and the National Endowments for the Arts.

For the Newscast desk, Elizabeth Blair filed this report: