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What Obama’s New Budget Means for You
Posted By Tina Johnson-Marcel On February 14, 2011 @ 8:50 pm In Bulletin Today | No Comments
Faced with mounting pressure to put the clamp on a hemorrhaging federal budget deficit, the White House unveiled Monday a $3.7 trillion budget highlighting a plan that aims to cut more than $1 trillion over the next decade. So what does this mean for you?
Last year’s bipartisan deficit commission aimed for deeper cuts in the deficit with recommendations that included:
Much to the chagrin of Republicans keen on cutting spending, President Obama’s new budget has disregarded those recommendations.
Recent national voter polls show Democrats and Republicans alike are loathe to touch treasured entitlement programs – especially those that affect people over 50 – but at the end of the day, something has to give.
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