Obama to address entitlement spending

Published: Wednesday, Jan. 7, 2009 9:19 a.m. MST
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WASHINGTON (AP) — President-elect Barack Obama says spiraling entitlement spending will be a central part of the discussion on controlling the federal deficit in the future.

Obama told reporters today that his administration will be inheriting a deficit of more than $1 trillion, and that it's likely to grow in the short term because of his plan to jump-start the economy with a stimulus plan.

He says the key will be to get the deficit to a "manageable level" in the medium and long term.

Obama says by February, he expects a plan to emerge on how to deal with entitlement spending, waste in government and other factors, as well as some "specific outlines" on how to control the deficit.

Recent comments

How about a little more rave and alot less rant. Sheesh!

Brother chuck | Jan. 7, 2009 at 6:16 p.m.

Conservatives think wars are an entitlement that never has to be paid...

Anonymous | Jan. 7, 2009 at 2:23 p.m.

What do liberal's know about "entitlement" spending, with their...

Bro Chuck's Rant n Rave | Jan. 7, 2009 at 10:16 a.m.

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