![President Obama in New Jersey: "We Are Here for You"](https://webarchive.library.unt.edu/web/20121104112730im_/http://www.whitehouse.gov/sites/default/files/imagecache/blog_featured_content/imagecache/embedded_img_full/image/image_file/p103112ps-1368.jpg "President Obama in New Jersey: "We Are Here for You"")
Weekly Address: Reining in Budget Deficits
The President pledges to rein the deficit, citing three specific steps to this end. He praises the Senate for restoring the pay-as-you-go law, discusses his proposal for a freeze in discretionary spending, and calls for a bipartisan Fiscal Commission to hammer out further concrete deficit reduction proposals.
Related Topics: Fiscal Responsibility
