Americans began to cut the budget in 3 departments

NEW YORK. United States (U.S.) would be economical poured funds for the community. Debt continues to rise, making the U.S. must cut its budget in several departments. 

Today, White House Budget Director Jacob Lew said, President Barack Obama gives the choice difficult for Congress to cut the state budget. Threatened budget cut is the program's budget environment, development and services for the poor. 

"Pruning is not an easy thing, we have to do something previously considered can not be done," said Jacob.
Fiscal 2012 budget submitted next February 14 will be cut in a number of headings. Among U.S. $ 350 million in the Department of Health and Human Services. U.S. $ 125 million in the Environmental Protection Agency and U.S. $ 300 million in Department of Housing and Urban Development. 

Trimming worth U.S. $ 775 million from the three courses are only a small part of a larger plan of trimming. "We have to choose which programs do not require much funding. It is a difficult choice, because of budget cuts in one department may be impacting into many sectors," Jacob sighed. 

End of 2010 the U.S. debt was recorded more than $ 14 trillion. Since 2008, the trend of increasing debt has reached U.S. $ 1 trillion every 7 months. In comparison, from 2002 to 2008 increased by U.S. $ 1 trillion just happen in 20 months. While the 1995-2000 period increased by U.S. $ 1 trillion happen in the next 5 years. 

Gross Domestic Product or GDP the U.S. is now almost equal to the amount of debt incurred. In fact, the Congressional Budget Office (CBO) provides estimates of the deficit in 2011 amounted to U.S. $ 1.5 trillion. Thus, the debt is predicted to exceed U.S. GDP this year. 


Nico Omer Jonckheere, Vice President, Research & Analysis Valbury Asia Futures said the deficit is predicted to reach 5% -10% of GDP over the next few years. "Even if the U.S. economy does not recover, this condition will continue," he said. If GDP growth between 3% -4%, meaning the amount owed is almost always faster than bigger economic growth.