Deficit Spikes Expected to be $1.65 Trillion
Daniel Cheatham

PS1113-American Government
Instuctor: Tyson Elbert

Deficit Spikes Expected to be $1.65 Trillion In the Constitution it states that all taxing or spending bills must originate in the House of Representatives. Much of the business, of Congress today, is concerned with raising revenues and approving government expenditures through the budget process. (Schmidt, Shelley, and Bardes, 2010-2011). The White House released statements that expect the federal deficit to spike to 1.65 trillion dollars in the current fiscal year. The effects of this is putting pressure on both parties (Democratic and Repulican) to deal with the current levels of debt. To start combating this deficit problem, President Barack Obama is proposing a 3.73 trillion dollar budget for the upcoming year. Under Obama’s proposal the deficit is predicted to fall to 627 billion by 2017, if it is accepted, which is unlikely. (Paletta and Boles, 2011). Obama’s budget will most likely be rewritten by Republicans that dominate the house. Republicans and Obama disagree on where the money should really go. The major areas where Obama and the Republican dominated house differ deal with energy and environmental policy. The Republicans feel that Obama’s plan does not have the ability to drop federal spending or the federal deficit to the levels they desire. (Hook and Paletta , 2011). With the deficit our country is facing I am beginning to understand the need to have powers in the House, Senate, and Presidency on the same page. With the powers separated between Democrats and Republicans little progress is being made. However, with the trillion plus dollar debt our country faces more compromise is being made.

Works Cited
DAMIAN PALETTA, C. B. (2011, 02).