Obama Budget Reduces Federal Deficit by $900 Billion

By Apr 1, 2009, 12:49 AM Author's Blog  

The Center on Budget and Policy Priorities says that: Contrary to what you may have heard, the Obama budget “would reduce federal deficits by about $900 billion over the next ten years compared to current budget policies.” Note also that: Relative to their “realistic baseline,” the deficit is larger in the immediate short-run than the baseline projection (but by enough?), and smaller in the longer run (any truly long-run solution to the budget problem will require us to reform health care and reduce escalating costs).

  • SHARE:
  • Share on StockTwits


SPY200.64  chart-0.24  chart -0.12%
GOOG591.38  chart+2.11  chart +0.36%
AAPL101.75  chart-0.04  chart -0.04%
TSLA258.10  chart-5.72  chart -2.17%
BBRY10.8101  chart+0.0601  chart +0.56%
NFLX458.83  chart-0.18  chart -0.04%
FB77.15  chart+0.15  chart +0.19%

Nikkei16321.17  chart+253.6  chart +1.58%
Shanghai2329.451  chart+13.523  chart +0.00%
UK6837.92  chart+18.63  chart +0.27%
France4461.22  chart-3.48  chart -0.08%
Germany9799.26  chart+1.13  chart +0.01%