President Obama has unveiled a budget plan that would save $17 billion by cutting some 121 programs. Obama called the cuts a necessary step to avoid leaving crippling debt to future generations.

President Obama: “We can no longer afford to spend as if deficits don’t matter and waste is not our problem. We can no longer afford to leave the hard choices for the next budget, the next administration or the next generation. We will also continue to look for ways we can save taxpayer money. And I know there are many in both parties in Congress committed to cutting spending and eager to work with us.”

The Obama budget includes a four percent increase in military spending. The Pentagon would also see more cuts than any other department, totaling $8.8 billion from fourteen programs.