by TAMARA KEITH, NPR
When President Obama unveils his budget Monday, it will project a $1.3 trillion deficit this year, and just under $1 trillion in 2013. It would increase spending on education, research and development, and transportation. It would also increase taxes on the wealthy and cut spending, including on defense.
Presidential budgets are almost always aspirational documents. They lay out a vision, not what the president actually thinks will happen.
"You know, every president's budget is part political statement, part policy document," says Stan Collender, a senior partner at Qorvis Communications, and a longtime federal budget guru. [LISTEN to NPR story]