Barack Obama

Barack Obama

Summary

Portrait of Barack Obama Barack Obama,  Where We Need to Go

“ And because of this plan, those who have lost their job in this recession will be able to receive extended unemployment benefits and continued health care coverage, while 95 percent of working Americans will receive a tax break beginning April 1st.
Of course, like every family going through hard times, our country must make tough choices. In order to pay for the things we need -- we cannot waste money on the things we don't.
My administration inherited a $1.3 trillion budget deficit, the largest in history. And we've inherited a budgeting process as irresponsible as it is unsustainable.
”
Source: Wikisource

Portrait of Barack Obama Barack Obama,  Where We Need to Go

“ It's also a budget that begins to make the hard choices that we've avoided for far too long -- a strategy that cuts where we must and invests where we need. That's why it includes $2 trillion in deficit reduction, while making historic investments in America's future. That's why it reduces discretionary spending for non-defense programs as a share of the economy by more than 10 percent over the next decade -- to the lowest level since they began keeping these records nearly half a century ago. ”
Source: Wikisource

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