Obama has come out with his budget for FY2013. (Note that the US gov does not use the calendar year.)
This budget is aiming for less than $1T deficit for next year and getting the Federal debt down to a "sustainable?" level by 2017.
With the laps of Bush-era taxes and the tax increases, this mainly a move to stake out the budget negotiations that will ensue.
Here's where you go to get the 256 page doc. (It seems that the 300 to 400 pages in the budget have been overstated!:-)
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