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The New Budget

February 3, 2010

President Barack Obama has announced his plans for a new budget for 2010. The budget includes money for the unemployed, tax breaks for businesses, and energy and infrastructure projects. The president said it was important to try to get the nations economy going again and that’s why the deficit will rise once again.

People who oppose the plan point to the fact that the deficit will rise to a new record level. The deficit will be around $1.56 trillion dollars for the fiscal year. The administration has announced plans to institute a three year freeze for government spending on non-military items. I hope the president will be able to get things under control soon!

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