Commerce Department 2012 budget proposes to spend $242 million less The Commerce Department’s proposed 2012 budget makes tough choices and reduces spending by $242 million, while making important investments that will help America out-build and out-innovate our economic competitors.
With a proposed five-year, non-security discretionary spending freeze that will save $400 billion, President Obama’s budget reduces non-security, discretionary spending to its lowest percentage of the economy since President Dwight Eisenhower was in office.
Blank also reinforced President Obama’s commitment to making targeted investments that will enable the U.S. to out-innovate, out-educate and out-build the rest of the world.
Among the investments Blank highlighted: “This budget balances the necessity of responsible cuts that rein in spending – putting America on a sustainable fiscal path – with crucial investments that will lead to private sector job creation and help America compete in and win the future,” Blank said.
Acting Deputy Secretary Blank’s full remarks can be found here. For more information on the 2012 Commerce Department budget, please contact the Office of Public Affairs at 202-482-4883.
Source: U.S. Department of Commerce
