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Introducing the 2011 Budget

Posted on February 01, 2010 at 10:00 AM EST

Type: Office of Management and Budget, Blog Post

and extraordinary steps to prevent a complete economic collapse that would have caused millions more to lose their jobs. Not all of the efforts we undertook to avoid a deeper recession were popular.   Nonetheless the President did what was right for our country … . To sustain job creation and economic growth into the years ahead and provide room for the private sector to expand, we are also making tough choices in the Budget: cutting what doesn’t work or isn’t necessary and investing in what will help to expand … fiscal responsibility. Because of the irresponsibility of the past decade, we’ve seen a projected 10-year surplus of over $5 trillion at the end of the Clinton administration turn into a projected 10-year deficit of over $8 trillion the day President …

via http://www.whitehouse.gov/omb/blog/10/02/01/Introducing-the-2011-Budget

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