Obama will send Congress on Monday a $3 trillion-plus budget for 2012 that promises $1.1 trillion in deficit reduction over the next decade by freezing many domestic programs for five years, trimming military spending and limiting tax deductions for the wealthy...
Republicans rejected that appraisal, castigating Obama for proposals that will boost spending in such areas as education, public works and research, and charging that Obama's cuts are not deep enough.
Republicans scored significant victories in the November elections by attacking the soaring deficits while the Obama administration argued that the spending was needed to keep the country from falling into an even deeper economic slump
8.boost:vt. 促进；增加；支援/vi. 宣扬；偷窃/n. 帮助；推动；宣扬
10.soaring:n. 选举；当选；选择权/ v. 高飞；猛增；高耸（soar的现在分词形式）
11.slump：vi. 下降，衰落；倒下/n. 暴跌；衰退；消沉/vt. 使衰落；使倒下；使降低