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Obama suggests US can reduce deficit by closing tax loopholes. Deficit is when expenses exceed income. This will allow the US to fund things for the economy's growth without having to raise tax. Obama also says that he wants a fair and transparent tax system and further health care reforms. He says that since US spends a lot, they need additional revenue and also smart spending reductions. This relates to cash inflow and outflow of the economy. US have been dealing will the excess of outgoing money over the incoming money. This becomes public debt for the national. This could possibly slow the the efficiency of how the government can support different sector of the country, such as the economy.

I chose this as my article for this week because I am very interested in France as a nation, as I am in French A language and literature HL, and I have to follow french media outlets for a unit in this class. French fiscal policy is a common subject of discussion, so as a result I spend a lot of time reading about similar topics. This particular article discusses the impact a country's fiscal policy can have on firms in that nation.