Practically Speaking

Kyle and her husband moved to Brookfield in 1986. She became active in local politics and started blogging in 2004. Her focus is primarily on local issues but often includes state and national topics, too. Kyle looks at things from the taxpayers' perspective in a creative, yet down to earth way, addressing them from a practical point of view.

We'll cut the deficit in half is deceptive

Bigger picture, President Obama, TAXES, THE ECONOMY Obama vows to cut huge deficit in half the end of his first term...

Under White House projections, this year’s inherited budget deficit of $1.3 trillion will be cut to $533 billion by fiscal year 2013, the end of the first term.

The official said the bulk of the savings come from winding down the war in Iraq, additional revenue from raising taxes on the wealthy, and other cuts and savings to be specified later. Officials have said the budget creates room to start an ambitious overhaul of the nation's health-care system, which Obama aides view as a key to the government's fiscal future. Bush Deficit vs. Obama Deficit in Pictures

March 24, 2009

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