Obama Warns Of 1 Trillion Deficits

Although the package of spending cuts and tax nations to help restore the economic health immediate, Obama said, the government risks being left trillion dollars, with deficits for years to come unless the politicians make a change in the way Washington is not in commercial. Slow income tax and a historic rescue of the U.S. Financial system will send the budget deficit soaring toward $ 1 trillion this year, the President-elect said Barack Obama on Tuesday, the red ink is about to get substantially more profound if Obama wins the approval of a strong economic stimulus plan.