Obama Pledges To Halve The Deficit
President Obama says he’ll cut the deficit in half by the end of his first term. That is quite a promise. How does he do it? By more taxes on those making more than $250,000/year, by getting out of Iraq, and by more efficient government.
“The deficit this administration inherited was $1.3 trillion or 9.2 percent of GDP. By 2013, the end of the president’s first term, the budget cuts the deficit to $533 billion or 3.0 percent of GDP,” said the official who spoke on condition of anonymity.
Got a better idea?Click here for reuse options!
Copyright 2009 Liberaland