Obama budget to emphasize jobs in light of $1.6 trillion deficit

The Obama administration is set to release its FY 2011 budget proposal today at 10:00 am with remarks by President Obama scheduled for 10:45 am.

The budget reportedly projects a deficit of $1.6 trillion, a 23% increase from the estimated deficit in the FY 2010 budget. This budget includes $100 billion for a job creation initiative. The budget will also propose a freeze on discretionary spending, which accounts for 15% to 17% of the budget.

According to the White House, the administration is proposing 120 terminations, reductions, and savings for a number of programs that is expected to amount to $20 billion in savings in FY 2011.

Source: The Office of Management and Budget

Published: 1 February 2010

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
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3 Responses to Obama budget to emphasize jobs in light of $1.6 trillion deficit

  1. altondrew says:

    Thank you for dropping by and reading the posts.  It is appreciated.   Alton Drew The Alton Drew Group LLC http://www.altondrew.com http://www.thenewamericancentrist.com http://www.lawandpoliticsofbroadband.com

  2. My wife and I are keen dog people and are fascinated by how much helpful information can be gained from blogs like this. Keep it coming!

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