President Barack Obama has presented the federal budget for 2011 that provides cost 3.8 trillion dollars. Bad news comes from the front of the deficit, in 2010 the federal deficit will reach the astronomical figure of 1600 billion dollars, equivalent to 10.6% of GDP.
This would be the largest deficit in American history, deficits which should then decrease to 1300 billion dollars in 2011 (equal to 8, 3% of GDP), and then decline gradually to a height of 700 billion by 2013, according to forecasts of government.
According to the predictions of the White House in 2010, the U.S. GDP will grow by 2.7%, 3.8% in 2011, 2012 and 2013 respectively by 4.3% and 4.2%.
As regards unemployment the U.S. administration expects an unemployment rate of 10% in 2010, which should then decline to 9.2% in 2011, 8, 2% in 2012 and 7.3% in 2013. The estimates for consumer prices, indicating a -0.3% in 2009, 1, 9% in 2010 and 1, 5% in 2011.
The budget is expected to increase for the costs of war. Last year had been allocated 130 billion dollars, while this year it comes to 163 dollars allocated for the operations of war.
The bad news on the economic front will have a relapse also on NASA. The plans (developed during the presidency of George Bush), which, although by 2020, a return to the moon will be set aside. And the Constellation program (Constellation Program) which involves the construction of new airlines, the carrier as the Ares I (the test has been performed a few months ago), which should replace the Space Shuttle (which should end his working life in 2010), suffer the cuts.