https://hotair.com/headlines/archives/2013/01/05/most-of-obamas-proposed-deficit-reduction-has-now-been-enacted/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 04:23:51 -0400<![CDATA[Taking everything in Obama’s original proposal at face value, adding up all of the deficit-reducing components and subtracting the new stimulus spending, translates into about $3.5 trillion in deficit reduction excluding debt service savings and $4 trillion including everything. Of that, $2.4 trillion was enacted if you don’t include debt service savings and about $2.8 trillion was enacted if you do. Either way, it means roughly 70 percent of Obama’s deficit-cutting agenda has already become law. This leaves him with several problems going forward.]]>Sat, 05 Jan 2013 10:05:00 -0500<![CDATA[Erika Johnsen]]>https://hotair.com/headlines/2013/01/05/most-of-obamas-proposed-deficit-reduction-has-now-been-enacted-n98920