Obama's spending blueprint, with its massive $1.17 trillion deficit and tax hikes on the wealthy, seeks to squeeze billions of dollars in savings out of current spending through competitive bidding among health insurers and ending subsidies and tax breaks for banks, agribusiness and oil companies.
"These steps won't sit well with the special interests and lobbyists who are invested in the old way of doing business," the president said in his weekly radio address.
"I know they're gearing up for a fight as we speak," he said. "My message to them is this: So am I."
Has the president has been sneaking a few peeks at the CPAC Wingnut Convention?
No more foot massages for Johnny Boehner!
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