Comment on Deficit reduction target reached, but no one's happy

Deficit reduction target reached, but no one's happy

Barack Obama

As automated federal spending cuts take effect, projected red ink for the next decade has been reduced by about $4 trillion. But this wasn't how Democrats or Republicans wanted to do it. For the last two years, official Washington has pursued a clearly defined budget goal — reduce projected deficits for the next decade by $4 trillion.

 

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