President Obama said in his address before Congress that he believed that his financial experts have found $2 trillion in budget expense cuts over the next 10 years. He also said that he planned to cut the deficit in half by the end of his term.
Impressive goals, but the description of how these will be accomplished was to a large extent missing from the address. There was a good deal of talk about how money would be spent on tax cuts, eduction, and health-care reform. But, Obama said that it would be wrong to leave the nation's children with a huge deficit that would have to be paid for by their tax dollars.