Monday, February 14, 2011

Attention: Deficit

In the budget debate there's a tension
That Washington shudders to mention:
We can't get on track
Without cutting back  

On the social security pension.    

The Obama Administration released its budget proposal for 2012 this week, with a target deficit reduction of $1.1 trillion over the next 10 years. However, the projected 2012 deficit would be a record $1.6 trillion. Moreover, neither the President nor his Republican opposition have so far looked for budget-balancing opportunities in the defense, security and entitlement programs that comprise 60% of the federal budget. 


Popular Posts