President Obama on Monday proposed a $3.8 trillion budget for fiscal year 2011, which includes $1.4 trillion in discretionary spending and a freeze on non-military, non-homeland security, non-entitlement spending.
The president's budget is paid largely through deficit spending, totaling nearly $1.3 trillion for the spending year.
In its summary of the budget proposal, White House notes that a three-year freeze on spending will result in $20 billion per year in savings. But the summary also reveals that if passed, spending on Pell Grants and the Elementary and Secondary Education Act will increase next year by ... $20 billion.
Here's your chance to take a look through the 197-page summary and tell us what you think.
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