WASHINGTON — President Barack Obama coupled a call for $4 trillion in long-term deficit reductions with a blistering attack on Republican plans for taxes, Medicare and Medicaid on Wednesday, laying down markers for a roiling debate in Congress and the 2012 presidential campaign to come.
Obama said spending cuts and higher taxes alike must be part of any deficit-reduction plan, including an end to Bush-era tax cuts for the wealthy. He proposed an unspecified "debt failsafe" that would go into effect if Congress failed to make sure the national debt would be falling by 2014 relative to the size of the overall economy.
"We have to live within our means, reduce our deficit and get back on a path that will allow us to pay down our debt," the president said in a speech at George Washington University a few blocks from the White House. "And we have to do it in a way that protects the recovery, and protects the investments we need to grow, create jobs and win the future."
Answer by jewjewbee at 2:23 PM on Apr. 28, 2011
Answer by Anonymous at 2:25 PM on Apr. 28, 2011
Answer by jesse123456 at 2:26 PM on Apr. 28, 2011
Answer by Anonymous at 2:28 PM on Apr. 28, 2011
Clueless is exactly what he is. He has no idea what he is talking about or doing.
Answer by amazinggrace83 at 2:56 PM on Apr. 28, 2011
Answer by Anonymous at 3:05 PM on Apr. 28, 2011
I don't get the feeling he gives it a second thought until the till runs dry.
Answer by QuinnMae at 3:11 PM on Apr. 28, 2011
Answer by Carpy at 3:26 PM on Apr. 28, 2011
Answer by meooma at 3:46 PM on Apr. 28, 2011
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