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Obama unveils 2011 budget plan and deficits soar
President Obama presented a multitrillion dollar 2011 budget aiming to create jobs and reduce unemployment. The plan forecasts a record 1.56 trillion deficit this year, with deficits rising to 1.56 trillion and 8.5 trillion over a decade, and includes tax cuts for hiring and state aid while freezing some spending.
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Washington, D.C
Barack Obama
Congress
Obama
America
George W. Bush