We will rein in budgetary deficit, says Obama

 “There are certain core principles our families and businesses follow when they sit down to do their own budgets ... They don’t spend what they don’t have, and they make do with what they’ve got,” he said in his weekly address to the nation. “It’s now time to come together and make the painful choices we need to eliminate those deficits,” he said.

The US has forecast a record deficit of $1.5 trillion for the full fiscal year of 2010. He said that he was pleased that the Senate had just restored the pay-as-you-go law that was in place in the 1990s and helped the US government end that decade with a $236-billion surplus.

Assembly elections 2019 | Get the latest news, views and analysis on elections in Haryana and Maharashtra on DeccanHerald.com


For election-related news in Maharashtra, click here

For election-related news in Haryana, click here

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)