Obama Wants To End The Era Of Sequestration

WASHINGTON — President Barack Obama will propose a budget on Monday that calls for an estimated 6.8 percent increase in discretionary spending — an approach diametrically different from the last time Democrats sustained major midterm election losses.

The spending proposal will almost assuredly get strong pushback from Republicans in Congress, who now control both the House and the Senate and wield even more power than they did four years ago. For that reason alone, the budget is another sign of a president feeling unhindered in his final years of office and eager to take advantage of an improving economy.

Details of the budget have been guarded closely by administration and Capitol Hill officials. But sources on both ends of Pennsylvania Avenue said Obama will propose increasing discretionary spending by about $70 billion (several sources cautioned the proposed increase likely will be slightly less). The money would be divided equally between defense and non-defense accounts.

But the Murray-Ryan deal only lasts for two years. And come fiscal 2016, which starts in October, budget caps will return –- ensuring that federal spending will be essentially flat.

According to numbers put forth by House Democrats on the Budget Committee, defense and non-defense discretionary spending caps were $1.014 trillion in fiscal 2015. They are estimated to be $1.106 trillion in fiscal 2016.

The Huffington Post