In his first meeting with cabinet ministers, U.S. President Barack Obama demanded that the Government within three months to cut the federal budget at $ 100 million, AFP reported 20 April.
This measure is designed to at least slightly reduce the budget deficit, which amounted in 2009 fiscal year ending September 30, at least 1.7 trillion dollars. The journalist's question, not whether the U.S. president that amount "a drop in the ocean," Obama responded a joke. "One hundred million here, a hundred million there - look, even in Washington to meet a substantial amount," - he said.
Previously, the administration took the unprecedented Obama infusions of money to revive the American economy in crisis. According to Obama, "it was done correctly, but the government should do everything possible to use this money as effectively as possible, so you need to cut the budget.
Remember, in February, was approved by the so-called "Obama plan", under which the State will provide for the salvation of the national economy 838 billion dollars. At the beginning of the financial crisis, the administration of President George W. Bush adopted a program of assistance to the banking sector, which includes the purchase of bad assets worth over 700 billion. The total amount of state aid to American businesses, given the tax cuts should amount to nearly three trillion dollars.
Tuesday, April 21, 2009
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