Barack Obama on November 29 proposed to reduce the high fiscal deficit, the federal government staff in 2011 and 2012 will no longer raise. The proposal was welcomed by Republicans.

Affected by this include the Department of Defense, including all state-level executives of government departments, a total of more than 200 million people. The House and Senate Members and staff of the judicial system is not included. The White House is expected that the proposed fiscal year 2011, the government in saving of 20 billion U.S. dollars, a total of two years, saving 5.0 billion.

Obama, 29, said at a news conference: “Small businesses and American families are tightening their belts, government should be. To reduce the deficit is a shared responsibility of Democrats and Republicans, we have to make sacrifices for this.” The White House said in a statement said: “This is not an easy decision to freeze salary increases for government workers are not punished, but we are going to take a series of initiatives in a deficit reduction.” According to the U.S. Treasury Department released data, the U.S. federal government deficit in fiscal year 2010 amounted to 1.3 trillion U.S. dollars, accounting for 8.9% of GDP.

Obama’s proposal needs to be approved by the U.S. Congress. If approved, from January 1, 2011 came into effect.

Statement at the White House, the number of civil service trade unions to protest the responsible persons, saying that civil servants and their families is not fair. In accordance with U.S. law, if no pay freeze order, the federal government staff salaries will be increased by an average 0.9% next year. Critics say, with nearly 1.3 trillion deficit compared to the “pay freeze” for two years to save $ 5,000,000,000 was rated as inadequate.

However, in January next year will become Speaker of the House Republican leader John Boehner pleased to say that Obama should have made this suggestion. Boehner also urged the White House deficit reduction as soon as possible out of other programs, such as the government stopped recruiting new people. In November of this year’s congressional elections, the Republican Party strongly criticized the Democratic Party spend too recklessly, laugh at the government enacted last year over 8300 billion economic stimulus plan with little success.

Obama worried about deficit reduction impact of economic recovery

Forced by political pressure after the midterm elections, Obama had to implement deficit reduction program, but he also said to reduce the deficit too quickly may affect the U.S. economic recovery, “We can not brake the car was going too fast.” EST 30, Obama will meet with House and Senate Republican leaders, this is his first official meeting after the election the Republican senior, the two sides discussed the key issues was to reduce the deficit.

December 1, selected established by Obama Congressional Budget Control Committee will publish a report on how the deficit reduction, said the report’s recommendations include reforming the tax, to postpone the retirement age, cut farm subsidies, foreign aid and defense spending, etc.

Author Bio: I am a professional editor from China Products, and my work is to promote a free online trade platform. http://www.himfr.com/ contain a great deal of information about scotsman ice maker,league football shirts,lee mens jeans, welcome to visit!

Category: Business Management
Keywords: scotsman ice maker,league football shirts,lee mens jeans,