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:


SPY198.20  chart+0.86  chart +0.44%
GOOG594.74  chart+5.27  chart +0.89%
AAPL94.72  chart+0.781  chart +0.83%
TSLA219.58  chart-0.96  chart -0.44%
BBRY9.92  chart-0.08  chart -0.80%
NFLX431.09  chart-20.8599  chart -4.62%
FB69.27  chart-0.13  chart -0.19%

Nikkei15367.42  chart+24.14  chart +0.16%
Shanghai0.00  chartN/A  chartN/A
UK6795.34  chart+66.90  chart +0.98%
France4369.52  chart+64.78  chart +1.50%
Germany9734.33  chart+122.28  chart +1.27%