In an article from the star tribune, Obama plans to send his first budget cut to capital hill this week. He plans to halve the federal defecit to 533 billion dollars by the time his first term ends in 2013. He inherited a 1.3 trillion dollar defecit from George W. Bush. An official says the defecit will be shrunk by scaling back the Iraq war spending and ending the temporary tax breaks enacted by the Bush administration. Republicans don't agree with this. They say that this plan will hurt small businesses. So, even though not everybody agrees on this plan, the president is making change for the future.
Sidoti, Liz
http://www.startribune.com/politics/40049792.html?elr=KArks8c7PaP3E77K_3c::D3aDhUec7PaP3E77K_0c::D3aDhUiD3aPc:_Yyc:aUU
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