Obama announced he wants to slash the deficit..... I think this is pure fantasy.... With bailouts and more bailouts looming I think this isn't possible.... What do you Think???
Its not whether he can really slash the deficit in half but the real thing is he is putting in efforts to slash the deficit. Other presedents did not care much about the deficit and actively increased them manifolds.
If not by slash it by half I am pretty sure Obama will be able to contain it given the recession scenario surrounding us.