Barack Obama announced today a plan to reduce the US national deficit by $4 Trillion by 2015. This will be accomplished by increase in taxes and cuts to various programs. Obama did say that he will continue to provide key services to the poor and elderly as well as other social programs. However as the following article from zero hedge points out, Obama has talked tough on the deficit before but failed to walk the walk.
http://www.zerohedge.com/article/obama-speech-details-leaked-promises-cut-4-billion-deficit-over-next-12-years-or-less
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