Obama Pledges to Seek Deficit Cuts

I guess President Obama is taking a lesson out of FDR's presidency by looking to cut the budget deficit while still spending money to create job growth through a stimulus package. President Obama will have to be careful not to upset a group like the veterans as FDR did in order to decrease some of the deficit. There probably will be a decrease to some degree in terms of defense spending in Iraq, which might help reduce the size of the deficit, but it will be interesting to see what else the President decides to cut down on.