Obama Vows To Cut Deficit

February 24. 2009

"Video: Obama Declares Plan to Cut Deficit in Half" – Associated Press

President Barack Obama has vowed to cut the U.S. budget deficit in half over the next four years. He seeks to accomplish this goal by ending the war in Iraq and raising taxes on the rich.

Obama aims to cut federal budget deficit in half

Ending Iraq War, raising taxes on wealthy are keys - WASHINGTON — President Barack Obama will offer a plan this week to cut the federal deficit by half by the end of his first term in office, largely by winding down the war in Iraq and raising taxes on people making more than $250,000 a year, an administration official said Saturday....

http://www.chicagotribune.com