"President Barack Obama pledged Monday that his administration would cut the federal budget deficit in half by the end of his first term......
“We cannot and will not sustain deficits like these without end....
"But according to the Congressional Budget Office, even if Obama meets that goal – the deficit would go down, ... only to a level (one third to one half) higher than that seen during most of the George W. Bush administration."
Read the story HERE.
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