Obama: Spending Cuts, But At Expense Of Future

PARKVILLE, Md. (AP) - President Barack Obama says his budget proposal reflects a need to start reducing deficits, but not at the expense of programs he says deserves more money.

Appearing in Maryland, Obama declared, "We can't sacrifice our future." He said the country has a responsibility to commit money to areas that will help it compete against other nations. And he emphasized education as one example.

The president spoke at Parkville Middle School near Baltimore, an institution that focuses on science, technology, engineering and math.

Obama on Monday sent Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.

The president pledged to work with lawmakers of both parties to come up with a budget that shows better fiscal discipline.