President proposes budget with short term deficits, long term discipline

President Obama’s proposed budget contains increased immediate spending targeted at the continuing recession, but includes several measures and goals for long term deficit reduction, including a goal of slashing the annual deficit by roughly two-thirds by 2015.

President Obama’s proposed budget contains increased immediate spending targeted at the continuing recession, but includes several measures and goals for long term deficit reduction, including a goal of slashing the annual deficit by roughly two-thirds by 2015.