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Politics News: Pres. Barack Obama's Next Move

Here comes the truth now. Maybe this will be a good one to blame on the Bush administration:

QUOTE
Obama Warns Trillion-Dollar Deficit Could Lead to Extensive Government Budget Cuts

President-elect Barack Obama is warning the US deficit will top $1 trillion this year, leading to what he says could be extensive cuts to government budgets. Obama made the warning Tuesday as he meanwhile prepares an economic stimulus package that will cost almost the same amount. We speak with Dean Baker of the Center for Economic and Policy Research and Arun Gupta of The Indypendent newspaper.
Ref. Source 6
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