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Will President Obama cut the federal budget defecit in half in his first 4-year term?

Background: President Obama has pledged to cut the federal budget deficit in half during his first 4 years. Can he do it?

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
Yes
30%
No
70%
Question suspends in 3 years

Suspend date: Fri 1st Mar 2013 1am PST (3 years to go)

Initial likelihoods: Yes: 35%

Action history:

Created Wed 25th Feb 11:01pm PST by kcradduck

Suspend date: Fri 1st Mar 2013 1am PST (3 years to go) details

 

Predictions (102)

1 day ago
flnative predicted No (H$100 at 70%)
5 days ago
notablenotices[Power User] predicted No (H$10 at 70%)
1 week ago
bigken1 predicted No (H$300 at 70%)
1 week ago
frogchop predicted No (H$500 at 69%)
1 week ago
al_kovy predicted No (H$200 at 69%)

Comments (7)

Here are the numbers for Federal Government Deficit in the past four years:

YearOperating CostDeficit
(Billions $USD)(Billions $USD)
2004$615.6$412.3
2005$760.3$318.6
2006$449.5$247.7
2007$275.5$162.8
2008$1,009.1$454.8

From http://www.fms.treas.gov/fr/index.html (See http://www.fms.treas.gov/fr/08frusg/08guide.pdf )
posted 29 weeks ago
While your at it you might create a market asking if Obama will walk on water.
posted 22 weeks ago
wow, I don't even know what to say.
posted 22 weeks ago
lol what a ridic question.
posted 21 weeks ago
  7 frank2877
The market is just too long for me to actually tie up my Hubdub $ but it's a "NO" brainer :-)
posted 20 weeks ago

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