Critics revive past promises to knock Obama budget

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Associated Press

WASHINGTON (AP) - Advocates for seniors say President Barack Obama is breaking his promise to protect Social Security. At the same time, conservatives say he is breaking his promise not to raise taxes on the middle class.
   
Obama's budget proposal includes a mix of tax increases and benefit cuts in an effort to reduce government borrowing and spark the still-fragile economy. The president says it is the kind of balanced approach that is necessary to tame runaway budget deficits.
   
Obama's budget blueprint would increase taxes by $1 trillion over the next decade. Most of the tax increases would target wealthy households and corporations, though some would hit low- and middle-income families.
   
The most sweeping proposal is to adopt a new measure of inflation. That would gradually reduce government benefits and raise taxes.

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