Federal budget balancing
The U.S government is currently running an unprecedented $1.3 trillion budget deficit (that’s $1,300 billion). Regardless of the recent pronouncement from the deficit commission, there is no plan to do much in the way of addressing the deficit. President Barack Obama’s budget projections show the current level of spending continuing as far as the eye can see. The Republicans, who are about to control the House, have no interest in raising taxes.