(1888PressRelease)
February 28, 2009 - President Obama on Thursday pulled back the curtain on his first detailed vision of the federal budget, revealing an ambitious plan to reform health care and shift tax burdens while vowing to slash the deficit over the long run. Obama has said repeatedly that his first fiscal plan would have a two-pronged mission: to reduce the $1 trillion-plus deficit he inherited to $533 billion by 2013 and make big investments in the future.
The administration estimates that the deficit for fiscal year 2009 will reach $1.75 trillion, or 12.3% of U.S. gross domestic product. That's a record in dollar terms and is the highest as a share of GDP since World War II. The White House is calling for $3.6 trillion in spending in 2010, when it estimates that $2.4 trillion in revenue will be collected.
Speaking from their corporate headquarters in Seattle, Shakleton White Associates President and CEO, Jennifer Campbell, said “This is the exactly what our country needs at this moment of time with the current financial crisis. President Obama promised immediate reaction and has delivered on his promises.” She went on further to say “I believe we are in a period of transition and we will only feel the full benefit of President Obama’s stimulus plan and budget reforms towards the end of 2009.”
Shakleton White Associates inventory analysts have long term proven financial, retail, manufacturing, wholesale, and distribution backgrounds. The mergers & acquisitions arm of Shakleton White Associates is a participant in all major bidding, thereby keeping abreast of all market bids and realizations. Shakleton White Associates works alongside industry leaders who recognize the dramatic need for major changes, with a passionate commitment to business growth. Providing a full range of integrated services and products simultaneously directed at producing strategically predetermined business and cultural results. We bring together a broad range of talent and resources with a passion for integrity, continuous improvement and the desire to make a difference. This results in prosperity for our customers, society and ourselves.
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