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Deficit reduction to be gradual
The White House has proposed a $3.8 trillion budget, which would drive the federal deficit to a record $1.5 trillion. So how will President Obama bring the deficit under control? John Dimsdale reports.
February 2, 2010
Marketplace
John Dimsdale
Excerpt
Josh Gordon at the Concord Coalition, which advocates for lower deficits, says Obama is doing the right thing by not cutting too much now. But:
JOSH GORDON: The real key is setting up the country for the even more difficult choices and austerity that we'll need in the longer term.