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	<title>The Web Tycoon's blog &#187; Fiscal Deficit</title>
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		<title>Obama is cutting expenses, the budget of 2011 will be up to $3870Bn</title>
		<link>http://the-web-tycoon.com/blog/2010/02/obama-cutting-expenses-budget-2011-3870bn/</link>
		<comments>http://the-web-tycoon.com/blog/2010/02/obama-cutting-expenses-budget-2011-3870bn/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 03:39:16 +0000</pubDate>
		<dc:creator>The-Web-Tycoon</dc:creator>
				<category><![CDATA[economy and business]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[Fiscal Deficit]]></category>

		<guid isPermaLink="false">http://the-web-tycoon.com/blog/?p=710</guid>
		<description><![CDATA[
			
				
			
		
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 [...]


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<p>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.</p>
<p>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.</p>
<p><a href="http://the-web-tycoon.com/blog/wp-content/uploads/2010/02/saving-money-during-hard-financial-times-01-af1.jpg"><img class="aligncenter size-full wp-image-714" title="saving-money-during-hard-financial-times" src="http://the-web-tycoon.com/blog/wp-content/uploads/2010/02/saving-money-during-hard-financial-times-01-af1.jpg" alt="saving money during hard financial times 01 af1 Obama is cutting expenses, the budget of 2011 will be up to $3870Bn" width="492" height="340" /></a></p>
<p>The White House declined to confirm or negate the information from the Newyorkian Newspaper, that estimates the budget in $3,800Bn.</p>
<p><span id="more-710"></span></p>
<p>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.</p>
<p>This Saturday, The White House gave in advance in his blog some of the proposed cuts.</p>
<p>“The president believes that we must be honest about what is working and what doesn&#8217;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.</p>
<p>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.</p>
<p>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.</p>
<img src="http://the-web-tycoon.com/blog/?ak_action=api_record_view&id=710&type=feed" alt=" Obama is cutting expenses, the budget of 2011 will be up to $3870Bn"  title="Obama is cutting expenses, the budget of 2011 will be up to $3870Bn" />

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		<title>Obama is Trimming the Fiscal Deficit</title>
		<link>http://the-web-tycoon.com/blog/2010/01/obama-triming-fiscal-deficit/</link>
		<comments>http://the-web-tycoon.com/blog/2010/01/obama-triming-fiscal-deficit/#comments</comments>
		<pubDate>Thu, 28 Jan 2010 23:10:56 +0000</pubDate>
		<dc:creator>The-Web-Tycoon</dc:creator>
				<category><![CDATA[economy and business]]></category>
		<category><![CDATA[Fiscal Deficit]]></category>

		<guid isPermaLink="false">http://the-web-tycoon.com/blog/?p=694</guid>
		<description><![CDATA[
			
				
			
		
The fiscal deficit in the United States for this year will reach the $1350Bn, according the calculations from the  Congress Budget Office  (CBO), this will suppose a light reduction respect the $1400Bn from the fiscal year 2009.
In his official report, featured yesterday, the CBO also predicted a fall of the deficit to $980.000 [...]


Related posts:<ol><li><a href='http://the-web-tycoon.com/blog/2010/02/obama-cutting-expenses-budget-2011-3870bn/' rel='bookmark' title='Permanent Link: Obama is cutting expenses, the budget of 2011 will be up to $3870Bn'>Obama is cutting expenses, the budget of 2011 will be up to $3870Bn</a></li>
<li><a href='http://the-web-tycoon.com/blog/2010/03/situation-spanish-economy-considered-bad-bad/' rel='bookmark' title='Permanent Link: The Situation of Spanish Economy is Considered to be Bad or Very Bad.'>The Situation of Spanish Economy is Considered to be Bad or Very Bad.</a></li>
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<p>The fiscal deficit in the United States for this year will reach the $1350Bn, according the calculations from the  Congress Budget Office  (CBO), this will suppose a light reduction respect the $1400Bn from the fiscal year 2009.</p>
<p>In his official report, featured yesterday, the CBO also predicted a fall of the deficit to $980.000 million for the fiscal year 2011, what is the 6,75% of the Gross Domestic Product (GDP) of the country.</p>
<p><a href="http://the-web-tycoon.com/blog/wp-content/uploads/2010/01/Obama_fiscal_deficit.jpg"><img class="aligncenter size-full wp-image-695" title="Obama_fiscal_deficit" src="http://the-web-tycoon.com/blog/wp-content/uploads/2010/01/Obama_fiscal_deficit.jpg" alt="Obama fiscal deficit Obama is Trimming the Fiscal Deficit" width="500" height="339" /></a></p>
<h2><span id="more-694"></span></h2>
<h2>The fiscal deficit will be reduced to $480.000 million by 2015</h2>
<p>The report forecasts a slow  economic recovery along this year, and calculates that the economic growth will be slightly over 2% and the unemployment rate around 10,1%.</p>
<p>For the next year, the unemployment rate will be slightly reduced and will remain around 9,5%, indicated the CBO.</p>
<p>The projections of the CBO are being released after civil servants from the government revealed to the president of the United States, Barack Obama,that will propose in his speech about the Union State, a partial freeze of the federal budget, that has been released on Monday.</p>
<p>With this initiative, Obama expects trim the expenditure by  $250Bn in ten years, and contribute so to reduce deficit.</p>
<p>The measure would affect the Federal programs  and entities for which the Congress supplies  a budget each year, from the national parks to the education.</p>
<p>Exempt of freeze will remain, however, expenditure in safety, Defense and the international aid.</p>
<p>Also will not be affected the budget of social security and the main programs of public health, Medicare and Medicaid.</p>
<p>Obama promised to trim by the half the fiscal deficit by 2013.</p>
<img src="http://the-web-tycoon.com/blog/?ak_action=api_record_view&id=694&type=feed" alt=" Obama is Trimming the Fiscal Deficit"  title="Obama is Trimming the Fiscal Deficit" />

<p>Related posts:<ol><li><a href='http://the-web-tycoon.com/blog/2010/02/obama-cutting-expenses-budget-2011-3870bn/' rel='bookmark' title='Permanent Link: Obama is cutting expenses, the budget of 2011 will be up to $3870Bn'>Obama is cutting expenses, the budget of 2011 will be up to $3870Bn</a></li>
<li><a href='http://the-web-tycoon.com/blog/2010/03/situation-spanish-economy-considered-bad-bad/' rel='bookmark' title='Permanent Link: The Situation of Spanish Economy is Considered to be Bad or Very Bad.'>The Situation of Spanish Economy is Considered to be Bad or Very Bad.</a></li>
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</ol></p>]]></content:encoded>
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