America begins to deal with budget deficits. While he was a gaping hole nearly $ 1.6 trillion, but with a tear in 2011 will be less. Sealed its planned due to some cuts in defense and space programs, as well as by raising taxes on the rich and risky. Washington"s aim - to reduce the budget deficit over the decade up to 3% of GDP, according to economists, will allow him to be more stable. Not all legislators to understand the initiative met with U.S. President Barack Obama.

U.S. administration unveiled a long-term plan to combat the budget deficit. As a result of fiscal year 2010 (ending September 30, 2010), he was at a record $ 1.56 trillion, writes MarketWatch.

However, in 2011 fingodu, which begins Oct. 1, 2010, we plan to reduce the deficit to $ 1.27 trillion, while the remainder of the decade, it will stay above $ 700 billion

In the past fiscal year, which ended Sept. 30, 2009, the deficit stood at $ 1.4 trillion (9.9% of GDP). In the current fiscal year it will be even higher - 10,6% of GDP, which is unprecedented magnitude since the Second World War.

But more can be done to improve the situation on the labor market. Obama said that job creation remains for him the highest importance.

"While our company does not hire again and has not created jobs to replace those we lost - yet America will not run again - my administration will not rest and recovery will not be finished," - said in a statement.

President said that job creation will be further sent $ 100 billion is also planned to significantly increase individual and corporate taxes, including for the rich, which should help in reducing the deficit.

The planned budget for the banks, bankers and multinational corporations will be imposed on new financial obligations, and the oil companies will lose tax breaks worth $ 39 billion, writes The Wall Street Journal.

In general, the Obama plan implies a reduction of budget deficit to $ 727 billion (4.2% of GDP) in 2013. But while total national debt continue to grow. Presidential budget authorizes an increase in national debt by $ 8.5 trillion by the end of 2020, which will increase its volume up to 77% of GDP from the current 53%.

income tax rate for the two most affluent groups of citizens will be increased to 36% and 39.6% respec1000tively from the current 33% and 35%. For families receiving more than $ 250 thousand, a tax on dividends and capital gains will increase to 20% from 15%.

As indicated in the budget deficit in 2014 fingodu should fall to $ 706 billion, then stabilize below $ 800 billion between 2015 and 2018 fiscal year and then re-start growth.

Many initiatives

Barack Obama"s got quite a cold reception from lawmakers. Some fear that too rapid reduction of the budget deficit could push the economy into recession. The narrowing of the budget of the National Aerospace Agency (NASA), Senator Richard Shelby generally called the "death march" for the space program.

project budget of $ 19 billion the U.S. National Aeronautics and Space Administration (NASA), prepared by the administration of Barack Obama for 2011 fiscal year, means the closure of the space program, "Constellation" to return the U.S. to the moon, reports the Washington Post. "

Washington proposes to allocate $ 2.5 billion at the closing program of the Constellation, launched by the Bush administration in 2004, which in past years have been spent $ 9 billion to develop new carrier rocket Ares 1 and the new capsule crew of the Orion.

Instead, the White House intends to develop the project "space taxi" to deliver astronauts to low Earth orbit, which in the next five years is planned to allocate $ 6 billion

Meanwhile, a new state budget was sharply criticized and part of tax initiatives. Thus, the Senate Finance Committee Chairman Max Bakus made a statement that he would not consider tax initiatives up until Congress agrees on a comprehensive review of the tax code. Senator Mary Landrieu criticized the administration"s plans to raise $ 40 billion by cutting tax breaks for oil and gas industry. In his view, this will lead to increased energy costs in the U.S. and thousands of Americans, contrary to Obama"s plan to remain without work.

So that the passage in Congress of the U.S. President plans to cut the budget deficit will not be easy.

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