In his State of the Union Address Tuesday night, U.S. President Barack Obama proposed annual domestic spending freeze for the next five years, which he said would reduce the deficit by more than 400 billion U.S. dollars over the next decade.
The proposal "will bring discretionary spending to the lowest share of our economy since Dwight Eisenhower was president," Obama said at the House of Representatives, which is now controlled by Republicans following their overwhelming win in the midterm elections.
"I recognize that some in this Chamber have already proposed deeper cuts, and I'm willing to eliminate whatever we can honestly afford to do without," said Obama. "But let's make sure that we're not doing it on the backs of our most vulnerable citizens. And let's make sure what we're cutting is really excess weight."
House and Senate conservatives recently proposed cutting 2.5 trillion dollars from the federal budget over 10 years. Just hours before the president's speech before Congress, the House voted to slash spending this year to 2008 levels or less, a campaign promise Republican leadership made during the midterm elections.
"Cutting the deficit by gutting our investments in innovation and education is like lightening an overloaded airplane by removing its engine," he said. "It may feel like you're flying high at first, but it won't take long before you'll feel the impact."
The programs Obama targeted for a freeze represent around 12 percent of the U.S. budget. In the coming months, Congress will debate fiscal 2012 spending and Obama's proposal.
Democrats and Republicans are expected to fight hard over federal budget and deficit reduction measures in the coming months. The continuing budget resolution is to expire by early March and both parties have to negotiate a new one to fund the federal government through the rest of the fiscal year which ended September.
The U.S. federal deficit, which recorded 1.42 trillion dollars in fiscal year 2009, dropped to 1.29 trillion dollars in fiscal year 2010. It is widely expected that the figure will continue to top 1 trillion dollars in 2011.
On the other hand, the U.S. national debt now stands at nearly 13.9 trillion dollar. That's only 400 billion dollars below the 14.3 trillion federal debt ceiling set by Congress.
主站蜘蛛池模板： 一本色道久久99一综合| 亚洲国产综合人成综合网站00| 韩国理伦大片三女教师| 精品久久久无码人妻中文字幕豆芽| 国产麻豆剧果冻传媒星空在线看| 一级特黄录像在线观看| 日本欧美一区二区三区在线播放| 亚洲一卡二卡三卡| 欧美第一页在线观看| 伊人久久综合精品无码AV专区| 一二三四在线观看高清| 日本人的色道www免费一区| 乱码一乱码二乱码三新区| 欧美成人片一区二区三区| 亚洲蜜芽在线精品一区| 精品中文字幕一区在线| 国产97人人超碰caoprom| 顶级欧美色妇xxxxx| 国产手机在线αⅴ片无码观看| 朋友把我玩成喷泉状| 国产精欧美一区二区三区| 99在线观看视频免费精品9| 女人张腿让男人捅| 一级特黄性色生活片录像| 手机看片福利日韩国产| 久久久免费精品re6| 日韩免费视频一区| 久热这里只精品99国产6_99| 欧美a级黄色片| 亚洲区小说区激情区图片区| 欧美日韩国产精品| 亚洲狠狠色丁香婷婷综合| 爱情岛永久入口网址首页| 伊人久久大香线蕉免费视频| 粗壮挺进人妻水蜜桃成熟漫画| 又粗又紧又湿又爽a视频| 股间白浊失禁跪趴老师| 国产乱人伦av在线a| 雏女强破瓜在线观看| 国产午夜精品一区二区三区漫画| 麻豆精品一区二区综合av|