President Obama's 2012 Budget: $3.73 Trillion -- Not a Bakken Story Unless You Count New Taxes on Oil

US debt now equals entire US economy. The administration: "What, Me Worry?"

“I still don’t see a sense of urgency from the president about the massive federal debt,” said Sen. Lamar Alexander, Tennessee Republican. “His budget calls for too much government borrowing – even though the debt is already at a level that makes it harder to create private-sector jobs.”

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2011: the president requested $3.83 trillion.
2010: the president requested $3.55 trillion.

Sources: Wikipedia. These were the requests; the final budgets would have been much different.

In the energy area, the budget would support Obama's goal of putting 1 million coal-powered vehicles on the road by 2015 and doubling the nation's share of electricity from clean energy sources by 2035.

Obama's budget would raise $46 billion over 10 years by eliminating various tax breaks to oil, gas and coal companies.