he will be in baltimore parkville school. pennsylvania. good morning. caller: i am calling for a solution rather than just a comment. it has to do with farm subsidies. my thoughts is this -- instead of giving subsidies away and giving money away, why not start giving no interest loans? that could work for students going to college. i will leave you with this -- there is a enough for all as long as it is not wasted. thank you very much. guest: the idea that a no interest loan is not a subsidy is not exactly right if the federal government has to borrow money to make that loan and it pays any interest at all -- and of course, it does on treasury bills even if low -- that is not about -- that amounts to a subsidy. one of the proposals the president will make today in his budget, and he made it every year, is to remove the subsidies that are in the tax code that go to the oil and gas industry for drilling and oil depletion allowances and the kinds of things that subsidize the very profitable industry -- especially when you see gas prices over $3 a gallon. y

>> the president spoke to parkville middle school today in maryland. he said his proposal preserves education spending as an investment in the future. but the battle over his 200-page budget is raising concerns on both sides of the aisle. it calls for $1 trillion in cuts over the next decade. some republicans and democrats are vowing to fight it. the plan would cut the defense budget, community block grants, heating assistance programs, and raise gas taxes. the budget is for 2012, of course. the president and congress will have to decide how to keep the government operating this year since it still hasn't approved the 2011 budget and is expected to run out of money in the next three weeks. it's possible the government could be forced to shut down, similar to what happened back in 1995. >>> topping our business and tech headlines tonight, we're going to be paying more for the latest fashions. major retailers like levi strauss, jcpenney, nike, they all say they're rising prices as the world economy improves and demand rises. experts say you can expect cl

this week i will be talking about the need to invest in education in places like parkville, so that every american is equipped to compete with any worker anywhere in the world. these investments are an essential part of the budget my administration is sending to congress. the jobs and industries of our time will take root here in the united states. our people will prosper and our country will succeed. i am also convinced that the only way we can make these investments in our future is if our government starts living within its means. we start taking responsibility for deficits. that is why when i was sworn in as president, i pledged to cut the deficit in half by the end of my first term. the budget i am proposing today meet that pledge and puts us on a path to pay for what we spend by the middle of the decade. we do this in part by eliminating waste and cutting whatever spending we can do without. as i start, -- as a start, i have called for a freeze on annual domestic spending over the next five years. this freeze would cut the deficit by more than four hundred billion dollars over the n

right now, this school, parkville, is preparing our kids for the jobs and careers of the 21st century. the school that nurtures what students are passionate about and prepares them for success. students in the mag innocent program here take courses in each of four subjects from applied engineering to environmental science, gradually focusing their studies on one subject over the next couple of years. i'm told the most popular subject at this school is engineering, and that's important because today the most common educational background for america's top business leaders isn't economics. it's not finance. it's not even business. it's engineering. engineering and math, critical thinking, problem solving, these are the kind of subjects and skills that our kids need to achieve success in the 21st century and we are spearheading a drive to fund new teachers over the next five years and train 100,000 new teachers in those field and pushing forward on a race to the top in our schools that led over 40 states to raise their standards for teaching and learning for less than 1% of what we spend

right now, this school, parkville, preparing kids for the jobs of the 21st century. students in the magnet program here start by taking courses in each of four subjects, from engineering to environmental science, focusing their studies on one subject over the next couple of years. i am told the most popular subject at this school is engineering, and that is important because today the most common educational background for a merkel's top business leaders is not economics, not finance, not even business. it is engineering. engineering and math, critical thinking, problem-solving -- these are the kinds of subjects and skills that our kids need to achieve success in the 21st century. that is why we are spearheading a drive to prepare more than 10,000 new teachers over the next five years and train 100,000 more current teachers in the field. that is why we are pushing forward in a race to our top of the schools that has led over 40 states to raise their standards for teaching and learning for less than 1% of what we spend on education each year. that is why we are protec

i am here at parkville middle school outside of baltimore with arne duncan. i came on a day when we are unveiling our budget and i am here for a reason. i just want to think principal parker who has shown us around as well as the eighth grade science teacher who we just visited with in her classroom. over the last few weeks, i have travelled the country the jobs and industries of our time will take root in the united states where people will prosper and our country will succeed. i am also convinced that the on the way we can make these investments in our future is that if we start living within our means. we start to take responsibility for our deficit. that is why when i was sworn in as president i swear to cut the deficit in half by the end of my first term. the budget i am proposing today means that pledge and puts us on a path to pay for what we spend by the middle of the decade. we do this in part by eliminating waste and cutting whenever spending we can do without. as a start, i have called for a freeze on annual domestic spending of the next five years

he will be in baltimore parkville school. pennsylvania. good morning. caller: i am calling for a solution rather than just a comment. it has to do with farm subsidies. my thoughts is this -- instead of giving subsidies away and giving money away, why not start giving no interest loans? that could work for students going to college. i will leave you with this -- there is a enough for all as long as it is not wasted. thank you very much. guest: the idea that a no interest loan is not a subsidy is not exactly right if the federal government has to borrow money to make that loan and it pays any interest at all -- and of course, it does on treasury bills even if low -- that is not about -- that amounts to a subsidy. one of the proposals the president will make today in his budget, and he made it every year, is to remove the subsidies that are in the tax code that go to the oil and gas industry for drilling and oil depletion allowances and the kinds of things that subsidize the very profitable industry -- especially when you see gas prices over $3 a gallon. y

in parkville middle school, engineering is the most popular subject thanks to the outstanding teachers who are inspiring students to focus on their math and science skills. in wisconsin, a company is putting hundreds of people to work manufacturing energy efficient lights. and in the small community of marquette in michigan's upper peninsula, widely accessible high speed internet has allowed students and entrepreneurs to connect to the economy. one small business, a third generation is now selling their products on line which has helped them to double their workforce and make them one of america's 5,000 fastest growing companies in a recent listing. each of these places reminds us that investments in education, innovation, and infrastructure are an essential down payment on our future. but they also remind us that the only way we can afford these investments is by getting our fiscal house in on the other hand. just like any family, we have to live within our means to make room for the things we absolutely need. that's why i've called for a freeze on annual domestic spending over the ne

. -- parkville middle school in maryland. we also have to invest in innovation and research and technology in the work of our scientists, engineers, and in sparking the creativity and imagination of our people. now, a lot of this obviously is done in the private sector, but as much of the private sector -- is the private-sector the principle of innovation, it is often hesitant to invest in the unknown, especially when it comes to basic research. historically that has been a federal responsibility. it is how we ended up with things like the computer and gps and internet. it is also helped a lot of your states are already attracting jobs in industries of the future. and i went to wisconsin, for example, a few weeks ago and visited a small company called o'brierien. they benefited from federal research. in ohio and pennsylvania, thanks in part to federal grants, i saw businesses and universities working together to make america leader in biotechnology and clean energy. if you have any doubt about the importance of the federal in