President Obama's Deficit and Debt Reduction Plan
President Obama presented his plan for lowering the federal budget deficit and reducing the national debt to students and faculty at George… read more
President Obama presented his plan for lowering the federal budget deficit and reducing the national debt to students and faculty at George Washington University. The plan includes a goal of $4 trillion in deficit reduction in 12 years or fewer. Among his comments, the president vowed to reject portions of the House Republican budget plan, saying the President George W. Bush-era tax cuts for the wealthy would never be extended again during his presidency. close
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