President proposes budget with short term deficits, long term discipline

Author: Stefan Byrd-Krueger
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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.

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