Obama's Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal - 2 views

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  #1 hcps-asawlajk on 01 Feb 15

   

  "Mr. Obama's spending-and-taxes plan foresees a $474 billion deficit, which would be 2.5 percent of the gross domestic product, a level most economists see as manageable, according to budget documents obtained by The New York Times. The deficit number would creep up each year, to $687 billion by 2025. But measured against the economy, the deficit would remain stable."
  
  This paragraph on the article found here http://www.nytimes.com/2015/02/02/us/obama-budget-to-seek-to-stabilize-deficit-and-address-income-in... explains Obama's plan for fixing the economic gaps and loopholes while working out how to raise America's GDP. Although Obama is working to fix the federal deficit, he is still working to improve income equality. 

   

  <div class="cArrow"> </div><div class="cContentInner">"Mr. Obama's spending-and-taxes plan foresees a $474 billion deficit, which would be 2.5 percent of the gross domestic product, a level most economists see as manageable, according to budget documents obtained by The New York Times. The deficit number would creep up each year, to $687 billion by 2025. But measured against the economy, the deficit would remain stable."<br /><br />This paragraph on the article found here <a rel="nofollow" target="_blank" title="Link: http://www.nytimes.com/2015/02/02/us/obama-budget-to-seek-to-stabilize-deficit-and-address-income-inequality.html" href="http://www.nytimes.com/2015/02/02/us/obama-budget-to-seek-to-stabilize-deficit-and-address-income-inequality.html">http://www.nytimes.com/2015/02/02/us/obama-budget-to-seek-to-stabilize-deficit-and-address-income-in...</a> explains Obama's plan for fixing the economic gaps and loopholes while working out how to raise America's GDP. Although Obama is working to fix the federal deficit, he is still working to improve income equality. </div>

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