Obama pointed out that the reduction program will result in the collapse of the United States can not repair roads and bridges; promising young Americans can not go to college; in research, education, infrastructure and other fields, China, South Korea Brazil to increase investment in, and as the greatest nation on earth, the United States can not assume these investments.
Obama's deficit reduction amount and the Republicans made the same four-trillion-goal, but Obama's goal is to achieve in 12 years,
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Obama brought out his deficit reduction program, the goal is to be reduced by 4 in the next 12 years, trillions of dollars of U.S. government budget deficit,
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Obama proposed four steps to achieve these goals, including reducing domestic spending,
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Obama has set a goal that by 2015, deficit-GDP ratio will be controlled at 2.5% in 2020 to 2% of the proportional control. U.S. Federal Government fiscal year 2009 budget deficit of up to 1.42 trillion,
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the day Obama delivered a speech at George Washington University, said the goal of their proposed scheme compared with the Republicans,
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Obama said, We must make some sacrifices, but we have to go all out to protect the economic recovery. He said:
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