October 25, 2014

President proposes budget with short term deficits, long term discipline

  • The federal budget is an expression of our country's values. Where we choose to spend and at what levels, how and who we tax, and the borrowing we...

President Obama's proposed budget contains increased immediate spending targeted at the continuing recession, but includes several measures and goals for long term deficit reduction, including a goal of slashing the annual deficit by roughly two-thirds by 2015.