Obama Budget To Cut Deficit By $1.1 Trillion Over 10 Years Reuters reports: “President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls…Details of the budget proposal provided by the White House before its official release showed the deficit rising to $1.645 trillion in fiscal 2011, then falling sharply to $1.101 trillion in 2012. This trend would trim the deficit as a share of the U.S. economy to 3.2 percent by 2015 from 10.9 percent this year.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=114736