Monday, Feb 01, 2010
It's all under control
The Wall Street Journal: Deficit to Hit All-Time High
President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year.
To get the deficit down by the middle of the decade, Mr. Obama will be relying on cuts that have previously been proposed without success, on cooperation from a wary Congress and on a yet-to-be set up debt commission to suggest politically difficult choices.
Posted by devo @ 01:09 AM (314 views) Add Comment
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