How can president Obama reduce the deficit by the next presidential election?

If he is sending congress a proposed budget of 3 trillion plus! I mean does he have some of Tinkerbell's magic dust or what. This is the only way I see him getting the deficit to 1/2 a trillion by the next election as he has promised

Public Comments

1. resign and allow someone who understands the danger of liberal pork to reduce it accordingly.
2. By taxing the hell out of the people who voted for him because "he's cool" and "something different." morons
3. His giant pork bill is good spending so it actually counts as income, or something like that.
4. No way h@ll we haven't paid for ww 2 yet
5. Maybe you should listen to what Obama said. He was very specific. Here's a few examples: >eliminate Bush's no bid contracts (like those to Blackwater and Haliburtion) >Cut subsidies to companies like Exxon >reduce the giveaways of taxpayer money to so-called "insurance companies" who are ripping off Medicare under the GOP "privitization." >get us out o fIraq >eliminate the Repubican giveaway's to the rich (that is, their free ride at the expense ofother taxpayers) >eliminating programs that do not work Just for starters. Now, I have a question for yo u and the rest of the people on the right. Do you have any constructive suggestions? I have yet--in the past 5 weeks--to hear one Republican do anything but whine "but we can't." Or make noises about "fiscal responsibility"--which coming from them after the last 8 years is a joke. This is America--not some third-world country. We CAN. Apparently the far right, despite their rhetoric about being "patriots" do not believe in America or in what the American people can do. Judging others by themselves, I guess.
6. It's another lie. If he comes into office with an existing 3 trillion as a deficit and he increases that amount by 3 trillion and then reduces the debt by 3 trillion how much of the deficit did he reduce. A fat zero. Those figures are for example only so don't go crazy libs..
7. You misunderstand what it means to be "deficit" spending. Obama simply said he would reduce the amount of money the government OWES in borrowed funds. All that means is, we take in more tax dollars than we spend, and for each additional tax dollar taken in, the deficit decreases by a dollar. Deficit spending is borrowing just like any other loan. The government issues a bond which sells for a fixed amount, and then it pays back the borrowed funds with interest on a fixed schedule. This is how bonds make money for the people who buy them. It is very similar to a savings account. There is NO magic bullet here. By saying he would reduce the deficit, all he is saying in financial reality terms is he would reduce the amount we have on account as borrowed funds! It does NOT get us OUT of debt, just reduces the debt. Tinkerbell has absolutely NOTHING to do with deficit spending. I wish I could do deficit spending like Obama and Congress. If I (or YOU )tried deficit spending, I (YOU) would end up in bankruptcy court!
8. Theres no way he can do this.
9. In 4 years, US economy will recover. The market will do the trick. Reminder: The world has to use US dollars. The world has to purchase American government bonds. USA does lead the world in many ways. No one can replace America (yet). And tell you what, America does have the smartest economists and investment experts that would transfer its own trouble onto the rest of the world. It's been doing that for a hundred years! Haven't you even suspected why America prosperity last so long? No offense. Read an economics text book.