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February 24, 2009

Obama Unveils Deficit Pledge
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The talk of a larger government role in the financial system comes as
President Obama continues to tout his pledge to cut the federal deficit
in half by the end of his first term despite the fiscal stimulus
package. Obama spoke Monday at a White House economic summit.

President Obama: “The pay-go approach is based on a very simple concept:
you don’t spend what you don’t have. So if we want to spend, we’ll need
to find somewhere else to cut. This is the rule that families across
this country follow every single day, and there’s no reason why their
government shouldn’t do the same."



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