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U.S. budget deficit hits record $438 billion for year
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Spending cuts and tax increases were made to save money, but resulted in our GDP rising 6 percent from 2009-2012
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The "American Recovery and Reinvestment Act of 2009" includes a variety of spending measures and tax cuts intended to promote economic recovery.
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Obamacare starts and saves medicare millions of dollars.
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President Obama signed into law an extension of the existing federal income tax cuts and long-term unemployment benefits. The bill also includes a 2% rollback of Social Security payroll taxes.
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The United States had a $109.4 billion deficit because the Chinese are making most of our technological products and we are not buying from the U.S.
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Obama signs free-trade agreements with South Korea, Colombia, and Panama
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The senate decided to have a $1.1 trillion spending bill for this year.
