Obama is cutting expenses, the budget of 2011 will be up to $3870Bn

2 Feb

The president Barack Obama will trim the funds from 120 governmental programs to contain deficit, said the White House according “The New York Times”, Barack Obama will release next Monday a federal budget of $3,800Bn.

According ‘The New York Times’, the proposal includes $25Bn for the states with more difficulties and the increase of financiation for the Energy department, the National Health Institutes, The National Science Foundation and the Census Office.

saving money during hard financial times 01 af1 Obama is cutting expenses, the budget of 2011 will be up to $3870Bn

The White House declined to confirm or negate the information from the Newyorkian Newspaper, that estimates the budget in $3,800Bn.

Barack Obama promised last week to keep fiscal deficit under control by freezing the financiation to some domestic programs in the next three years. These cuts, that do not include the funds for national safety, defense, social security or health comprehension for the poorest, will save $20Bn for the fiscal year 2011, and 250 more for the year 2020.

This Saturday, The White House gave in advance in his blog some of the proposed cuts.

“The president believes that we must be honest about what is working and what doesn’t, and that take difficult decisions about which programs should be financed and which will be reduced or erased, is part of the job of the government” Stated Dan Pfeiffer, communications principal of The White House.

The $1400Bn of fiscal deficit are an issue for Barack Obama, with republicans trying to show the president as a “waster”. The White House points that Barack Obama inherited a fiscal deficit of $1300Bn when reached the presidency.

According “The New York Times’, one of the agencies most affected by the cuts would be the NASA, whose plans to return to the moon should be reconsidered.

Related posts:

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  3. Obama spoke about the surprisingly good unemployment data this month
  4. Barack Obama phoned Jose Luis Rodriguez Zapatero (Mr Bean) to know what would he cut
  5. Barack Obama suggested reforms to the financial system

2 Responses to “Obama is cutting expenses, the budget of 2011 will be up to $3870Bn”

  1. Chad 03. Feb, 2010 at 5:14 am #

    Interesting read!

    Chad

  2. UGG Boots 10. Feb, 2010 at 3:29 pm #

    I found this article useful in a paper I am writing at university. Hopefully, I get an A+ now!

    Thanks

    Bernice Franklin

    UGG Boots

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