As I read through this thread, I wonder if those who oppose Pres. Obama really "listened" to his press conference and not take their cue from the Fox News article from the OP alone. The President made a few things very clear:
Pell Grants. Ending summer class financing since the award level for this education grant program had already been raised and the sole purpose for implementing the summer education expenditures was to provide financial aid to under privelaged college students during the economic downturn. Since the economy is improving, funding for summer education programs under Pell Grants is no longer necessary.
Social Security. Doesn't have a funding problem, but a spending problem mostly due to federal legislators constanting "robbing Peter to pay Paul". Since apparently Social Security isn't in crisis at the moment, he'll leaving this for Congress to tackle in the coming months/years down the road. A wise decision considering his budget is only for FY2012.
Medicare/Medicaid. Since these issues have largely been address in the PPAC, there's really no need to address further budget cuts to these programs via his budget proposal.
Community Investment Programs. Local organization will now have to pickup the charge where federal dollars leave off. And since the economy is improving, local residents and businesses will need to start making charitable contributions to these programs again. It's about "neighbors helping neighbors". Do the "neighborly thing" and start looking after your own communities again.
Presidental Veto. You wanted him to get tough! We'll looks like he's getting there only Conservatives don't like it because he has vowed to veto any bill that includes earmarks. The irony here is Conservatives have been complaining about earmarks and pork barrel spending for years and the one time a Liberal/Centrist President stands firm against earmarks, now it's a bad thing to stand firm against?
Balancing the budget. He said at least 3 times that the government needs to spend what it takes in relation to GDP. You spend only up to what revenues you take in. Ummm...makes sense to me.... (And if you were truly paying attention, this man was calling for a balanced budget amendment!)
Interest on the debt. Here I'm alittle fuzzy, but if I understand the situation fairly accurately, what the President is saying is the first interest payment on our current loans won't come due for a few years. Therefore, there's little his budget can do to address that problem now. Congress will have to deal with that issue when the time comes.
Taxes and the Tax Code. You want to stop much of the wasteful spending, changing the tax code is perhaps the best way to do it especially where eliminating wasteful tax subsidies is concerned. Entitlements are not the only deficit problem. So, if you (Conservatives) are really serious about reducing same, you have to honestly address this particular problem soon...like 2012 soon!