Jan 30 2010
Weekly Address: President Obama Pledges to Rein in Budget Deficits
WASHINGTON – In his weekly address, President Barack Obama promised to rein the deficit, citing three specific steps to this end. He praised the Senate for restoring the pay-as-you-go law, which in the 1990’s contributed to the $236 billion surplus at the end of the decade. It is no coincidence that after ending PAYGO, that surplus became a $1.3 trillion deficit. He has also proposed a freeze in discretionary spending, which will increase investments in jobs creation and middle class tax cuts while cutting spending for redundant or ineffective programs. And finally, the President called for a bi-partisan Fiscal Commission to hammer out concrete deficit reduction proposals. The audio and video will be available online at www.whitehouse.gov at 6:00 am ET, Saturday, January 30, 2010
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Weekly Address: President Obama Pledges to Rein in Budget Deficits