10 Economic Surprises of an Obama Presidency

# Fiscal Discipline: From an economic standpoint, fiscal policy represents a natural segue way from foreign policy, because it is among the largest components of the Federal budget. Mr. Obama has pledged to restore fiscal discipline by curtailing earmarks and re-introducing a system of PAYGO into the budgeting process, whereby spending increases must be simultaneously offset before they can be approved. Social security will be shored-up, and further reinforced through incentives to save for retirement. Lower medicare costs will be obtained through negotiations with healthcare insurance and pharmaceutical companies. Overall, the goal is modest one: a balanced budget.

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