Audacity of Hope? Obama Promises to Cut Deficit "At Least" in Half

by Benjamin Domenech on 1:53 am February 22, 2009

Obama to announce budget, promise to cut annual deficit to $533 billion by 2013. Says budget will anticipate disasters, attacks. Decides not to keep campaign promise on Bush tax cuts, letting them expire in 2010 instead of eliminating earlier, as “Officials determined seeking to raise taxes earlier during a recession was a bad idea.”

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