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Obama proposes to cut deficit by $4 trillion over 12 years

Goal falls short of targets set by his deficit commission


 

In a speech today, Obama proposed a “more balanced approach” to achieve $4 trillion in deficit reduction over 12 years. He’s also called for the creation of a new congressional commission that will be charged with developing the plan to achieve that goal. The goal falls short of targets set by his deficit commission and House Republicans, reports the Washington Post. “We don’t have to choose between a future of spiraling debt and one where we forfeit investments in our people and our country. To meet our fiscal challenge, we will need to make reforms,” Obama said. “We will all need to make sacrifices. But we do not have to sacrifice the America we believe in. And as long as I’m president, we won’t.”

Washington Post

Los Angeles Times


 
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Obama proposes to cut deficit by $4 trillion over 12 years

  1. 1st Ron Paul 2012 debt reduction by 2020.
    And no more oil wars…yea.

  2. 1st Ron Paul 2012 debt reduction by 2020.
    And no more oil wars…yea.

  3. Obama once again shows why he's a much better alternative than the Republicans who allowed the nut cases to hijack their party.

    It's too bad that Obama has his own nut cases to deal within his own party….

  4. Obama once again shows why he's a much better alternative than the Republicans who allowed the nut cases to hijack their party.

    It's too bad that Obama has his own nut cases to deal within his own party….

  5. He got me the first part of his speech, but lost me in the second part. With all the bother and well crafted way he laid the problem US is facing today, it is a disappointment to hear his answer to this is business as usual (Party on!).

  6. He got me the first part of his speech, but lost me in the second part. With all the bother and well crafted way he laid the problem US is facing today, it is a disappointment to hear his answer to this is business as usual (Party on!).

  7. It was a good speech with a clear plan of how to get rid of the deficit. Final a plan.

  8. It was a good speech with a clear plan of how to get rid of the deficit. Final a plan.

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