Official: Obama wants to halve budget deficit: "Obama's proposal for the 2010 fiscal year that begins Oct. 1 projects that the estimated $1.3 trillion deficit he has inherited from former President George W. Bush will be halved to $533 billion by 2013. That's a difference of 9.2 percent of the overall economy now vs. 3 percent in four years.
'We can't generate sustained growth without getting our deficits under control,' Obama said in his weekly radio and Internet address that seemed to preview his intentions. He said his budget will be 'sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't, and restoring fiscal discipline.'"
Compliments of Yahoo:
http://news.yahoo.com/s/ap/20090222/ap_on_go_pr_wh/obama_budget
Keep your eye on the prize!
No comments:
Post a Comment