Obama Declares Plan to Halve Deficit in 4 Years

WASHINGTON (AP) - President Barack Obama has vowed to cut the
country's budget deficit in half by the end of his first term.

Obama laid out the guiding principle of his budget policy at a White House conference. He said he believes the time has come for "a frank conversation" about the problem and said the deficit, projected to total $1.3 trillion this year, must be brought under control.

Obama declared the country "cannot and will not sustain deficits like this without end."

He also said that he wants to reinstate a pay-as-you-go policy on federal spending programs, get rid of programs that do not work and end tax breaks for companies that ship jobs overseas.

Do you think the US will be able to cut their $1.3 trillion debt in half in the next four years?

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 40095102 - kolotv.com/a?a=40095102
Gray Television, Inc.